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[ancianita]

16. The original speech offers a history lesson on "economic nationalism" imposed on North Carolina

by the Duke of Albemarle -- Albemarle County, North Carolina, is the original site of "the swamp" that has fired up common folks' imaginations about draining for over two centuries.

This is what Charles II's austerity economics looked like ( I've paragraphed for readability):

In 1660-1673 ... the aged Earl of Clarendon, a politician and a master histor-

ian, aided by the uscrupulous Duke of Buckingham, the canny

Lord Arlington and the profiteer Duke of Albemarle, worked

out a marvelous system which was to save England and fit all

the trans-Atlantic colonies into a water-tight system.

It was unlawful to ship a pound of gold out of the country. No

foreign goods were to be imported except upon a sort of quota

system. A monopoly market was created for sugar, tobacco and

ship timber, produced in the colonies. All "quota" imports

from the colonies were taxed at two to four times their

producers' value to enable to government to ignore public

opinion and collect taxes without the consent of the peo-

ple. Merchants and manufacturers were authorized to sell

their goods to the public at prices fixed by themselves.

And surplus products were to be dumped upon the continen-

tal market at half the prices paid at home.

It was a marvelously perfect scheme under which workers on the land

were to have no return at all for their labor, landlords

somehwat more and industrialists and traders princily pro-

fits. His Majesty, Charles II, was to be autocratic master

of the system and make war upon Holland, the one rival and

free-trade advocate which might upset the scheme.

These economic practices were set centuries ago. They've been practiced continually under different names -- "trickle down," "conservativism," "austerity," etc.

But the result is the same -- maintaining the elites' control over landbase resources across countries and continents and lying to the inhabitants about what they're doing while conducting productions of news "stories," dramatic "events," bread and circuses and, of course, making war on "inferior" peoples in the way.

So here we are.