Word: mercantilists
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...apartheid regime accumulated more than $18 billion in foreign debt in the 15 years before it fell. Today, a democratic South Africa is left to pay its tormentors’ IOUs. By canceling the debt, we would both help Africa fight an epidemic and undo the mercantilist policies of the 1970s and 1980s that ravaged Africa’s economy...
...helpful investment it would have been. For instance: Deutsche Telekom (whose network Malone was eyeing) now offers only 760-kilobit bandwidth to private users, whereas in the U.S. they can surf at the speed of 5 megabits. Again the basic mercantilist motto is this: "Don't help the consumer, protect the producer" - by keeping out foreign competition...
...justifying religious persecution or trying to make Western nations feel guilty for mercantilist policies; I am pointing out that there are deep historical reasons for China to be distrustful of Christianity. It is questionable whether the American view of individual human rights is fully compatible with highly collective Chinese culture. The philosophy behind Chinese law and society is "Rights for the group before rights for the individual." American law is based on the opposite idea but is not inherently any more justifiable. Intellectuals in China, who have some exposure to Western culture, often fight for individual human rights, but this...
...political leadership." He argued that the debate over the Community's budget, which has virtually paralyzed it for three years, was "irrelevant" when compared with the trade issue. He said that all the member nations are "behaving contrary to the logic of the Community" by reverting to nationalist, mercantilist policies. Carli described the members as divided into two camps: the protectionists and the free traders. The protectionists include France and Britain, while the free traders are West Germany and, to a lesser extent, Italy, The Netherlands and Belgium...
These ideas were well to the left of the 18th century's mercantilist doctrine, which held that trade should be strictly regulated in order to pile up gold and silver in national treasuries. The ideas also ran counter to the strong feelings among upper-level society that "opulence" for the "lower ranks" would be very dangerous. Smith's revolutionary concepts took some time to catch on. But The Wealth of Nations was read by all the leading intellects of the time and praised by many, including Smith's friends David Hume and Edmund Burke. By the early 19th century, Smith...