Thursday, April 22, 2010

The New Economy and Empire

"We can now see that Buchanan was right, and that the promise of the New Economy was a mirage," writes Tom Piatak, a fellow Rust Belt native — Bringing Back the Old Economy. "The decline of American manufacturing is not the natural result of Japan and Germany rebuilding their factories after World War II," explains Mr. Piatak, "but of our decision to allow Japanese and German goods unfettered access to our market."

I would just add that we offered these countries (and Korea) "unfettered access to our market" in exchange for them allowing us to defend them with our military bases. Part of the deal was also allowing them to close their markets to us and building up their industrial base at American taxpayer expense. Empire, not so much free trade, which never really existed, is to blame for our current mess.

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Blogger The Sanity Inspector said...

The Tom Piatak link goes to your own blog--did you intend that?

10:44 AM  
Blogger The Sanity Inspector said...

And yet immigrants, legal and not, still flock here to the U. S. Go figure...

10:53 AM  
Blogger The Western Confucian said...

Fixed the link. Thanks.

11:33 AM  
Anonymous Steven P. Cornett said...

Which I guess means that the only place for the bottom half of the top will either be government or the military.

In other words, the only place in empire for those other than the indolent rich will be in the legions or those that provide the swords, engines, and shields for the legions. I guess that, and the suburbs and urbs turned into slums, will be our place in the New Economy.

11:46 AM  

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