Hamilton's Vision of Trade by James Jaeger
Alexander Hamilton felt that not only the wealth, but the independence and security of a country appear to be materially connected with the prosperity of a nation's manufacturing base. He felt that every nation ought to endeavor to possess within itself all the essentials of a national supply for if it doesn't, it compromises its means of subsistence, habitation, clothing and defense.
In other words, Hamilton was saying that a nation's political independence is dependent upon its economic independence.
Washington shared this vision with Hamilton because what he wanted to do was wean the republic off a reliance on foreign trade so economy-challenged citizens would never again be drawn into wars of the old continent. The only way to do this, Hamilton reasoned, was to erect protective tariffs -- a price of admission for foreign countries to have access to American markets. The GREATER PURPOSE -- and what mindless, public-schooled "citizens" of today fail to realize -- is these taxes are to STIMULATE our OWN people to build factories (and finance a strong central government which, at the time of Hamiltilton, was needed). This was, and still should be, a strategic goal to enable the People of the U.S. to be able to cut bonds of dependency upon foreign nations and create bonds of commerce amongst themselves. As a result of failing to follow the wisdom of the Founders, we now find ourselves utterly dependent on foreign nations for things like oil.
Further, when a nation puts a tariff on foreign goods coming into the country, it is more able to CUT taxes on goods produced INSIDE the country.
This was Hamilton's great idea, but today this is known as "protectionism" -- a dirty word with Socialist corporate elite that are behind monopoly capitalism, media consolidation and non-citizen multinationals that are exploiting the United States.
But before one can understand how we arrived at this point, they need to take a look at the term, "free trade." What is free trade? Free trade is another one of those misleading terms like: inflation or Federal Reserve System. Free trade is supposed to mean simply no tariffs on either imported or exported goods between countries. A tariff is another word for a tax. By using the word "free," the corporate elite that coined this term makes "free trade" seem good. After all, anything that's free is good, right? You trade with me for free and I trade with you for free -- that's good, right? I urge you to take a closer look at the implications of this term, "free trade," and see how high U.S. Corporate taxes, European VAT tax rebates and World Trade Organization rules conspire to make trade between the U.S. and the rest of the world anything BUT free.
Take a look at who really benefits from so-called free trade. 25 August 2008
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