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In reply to the discussion: Liberalism in Europe 'facing its biggest fight' against the far-right and 'the politics of fear' [View all]pampango
(24,692 posts)19. Mercantilism is not 'competition among nations'. It is economic policy to benefit one country over
others. In fact, mercantalists specifically reject open competition among nations by using policies such as high tariffs, export subsidies and non-tariff barriers to trade that do the exact opposite of promoting 'competition among nations'.
Mercantilism was an economic theory and practice, dominant in Europe from the 16th to the 18th century, that promoted governmental regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. It is the economic counterpart of political absolutism. Mercantilism includes a national economic policy aimed at accumulating monetary reserves through a positive balance of trade, especially of finished goods. Historically, such policies frequently led to war and also motivated colonial expansion. The Mercantilism theory varies in sophistication from one writer to another and has evolved over time. High tariffs, especially on manufactured goods, are an almost universal feature of mercantilism policy. Other policies have included:Building overseas colonies;
Forbidding colonies to trade with other nations;
Monopolizing markets with staple ports;
Banning the export of gold and silver, even for payments;
Forbidding trade to be carried in foreign ships;
Export subsidies;
Promoting manufacturing with research or direct subsidies;
Limiting wages;
Maximizing the use of domestic resources;
Restricting domestic consumption with non-tariff barriers to trade.
http://en.wikipedia.org/wiki/Mercantilism
Believers in the 'free market' do not reject competition among nations. Germany, Sweden and essentially all European countries trade more "freely" (without tariffs or other restrictions) than the US does. Such trade inherently represents a competition among nations as opposed to mercantilism.
With respect to support for unions, you seem to be differentiating between Liberal and Social Democratic parties - which in a European context is fair enough. From an American perspective 'liberals' tend to support unions and 'conservatives' tend to oppose them.
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Liberalism in Europe 'facing its biggest fight' against the far-right and 'the politics of fear' [View all]
pampango
Mar 2015
OP
I suppose the collective memory of the evil of fascism is dying with that generation passing away.
pampango
Mar 2015
#2
The liberals are "misguided" but not the far-right? The latter simply reflects "reasonable fear"?
pampango
Mar 2015
#7
OK, I'm trying to find your Tower Hamlets segregated swimming pool story
muriel_volestrangler
Mar 2015
#21
And that is what we need to address. These things are fearful but FDRs words ring even truer today
jwirr
Mar 2015
#26
Most liberals in Europe do believe in markets though they have tempered that with strong safety
pampango
Mar 2015
#8
"I don't think you will find that any European liberals are pro-union." Really?
pampango
Mar 2015
#13
Mercantilism is not 'competition among nations'. It is economic policy to benefit one country over
pampango
Mar 2015
#19
That certainly proves that nazis din't believe in the 'free market'. Nationalism and militarism
pampango
Mar 2015
#15
Yes, as I said, they are not socialists, and neither is the US Democratic party
muriel_volestrangler
Mar 2015
#29
The EU exists only to further neoliberalism and capital run amok so I hope it busts.
TheKentuckian
Mar 2015
#12
Let's hope that the income equality and overall prosperity in Europe does not go bust
pampango
Mar 2015
#16
The whole agenda of the EU is to undo income equality, strip away those protections,
TheKentuckian
Mar 2015
#22
If that were true, Europe would not have the world's best income equality and would have lost
pampango
Mar 2015
#25
No, I meant what I said not what you want to jump off on. Why do you just put words in people's
TheKentuckian
Mar 2015
#27