ZMan on tariffs

In a recent post I declined to comment on the proposed imposition of new tariffs, pleading ignorance of the subject. The uncommonly astute blogger calling himself “ZMan”, however, has a definite opinion. An excerpt:

The fact is, the current trade regime ushered in after the Cold War, has proven to be the boondoggle critics like Pat Buchanan warned about 30 years ago. Open trade with Canada, an English-speaking first world country, is mostly beneficial. Trade with Mexico, a third world narco-state that now operates as a pirate’s cove for Chinese and American business, has been a disaster. NAFTA has made Mexico a massive loophole in American labor, tax, environmental and trade policy. A loophole ruthlessly exploited by China.

The current trade regime is also at the heart of the cosmopolitan globalism that seeks to reduce nations to a fiction and people to economic inputs. This neoliberal orthodoxy has eroded social capital to the point where the white middle class is nearing collapse. It’s not just America. The collapsing fertility rates in the Occident are part of the overall cultural collapse going in the West. Slapping tariffs on Chinese steel are not going to arrest this trend, but it does open the door for cultural critiques of the prevailing orthodoxy.

That’s the reality our betters would just as soon not allow back into the conversation. The fact is, a nation is its people. What defines France is the shared character and shared heritage of the people we call French. What defines a people is not the cost of goods or the price of labor. What defines a people is what they love together and what they hate together. It is the collection of tastes and inclinations, no different than family traditions, that have been cultivated and passed down from one generation to the next.

Even putting the cultural arguments aside, global capitalism erodes the civic institutions that hold society together. Instead of companies respecting the laws of host nations and working to support the welfare of the people of that nation, business is encouraged to cruise the world looking for convenient ports. There’s a word for this form of capitalism. It’s called piracy. Global firms flit from port to port, with no interest other than the short term gain to be made at that stop. Globalism is rule by pirates.

This resonates well with my view of globalist capitalism generally, and of its innate antipathy to national particularity. The usual arguments for and against free trade are economic, but at this point in my life, and in my study of history and culture, I have come to believe that there are far more important things than money.

Read the rest here.

2 Comments

  1. Fred says

    Bannon, Trump’s campaign advisor talked about ‘Economic Nationalism’.

    Trump said some things in the campaign that pretty much lined up with Bannon and this piece. It’s lengthy and if economics isn’t your thing it’s boring but it’s a good primer and a history of mercantilism, and economic nationalism.

    And, America was founded on a no tax, import tariff system of federal government funding. But I suppose most everybody loves them some 50% total taxation rate now’er days. It’s the slavery you have that’s most comfortable.

    https://nationaleconomicseditorial.com/2017/03/21/economic-nationalism/

    Posted March 5, 2018 at 11:08 am | Permalink
  2. CEPEOS says

    Thanks for the tips Natalie! Enjoy the Superbowl.

    Posted March 16, 2018 at 4:10 pm | Permalink

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