Tag: tariffs
Why Trump, Sanders and Their Critics are Wrong on Protectionism
The presidential campaigns of Donald Trump and Bernie Sanders share a uniting theme of protecting American workers from foreign competition. Trump favors a 45% tariff on Chinese goods, while Sanders vocally opposes NAFTA-style trade agreements and the Permanent Normal Trade Relations (PNTR) designation (which prevents the US from imposing tariffs, on Chinese goods which other countries would not…
Will Free Markets Recreate Corporate Capitalism? on Feed 44
C4SS Feed 44 presents Kevin Carson‘s “Will Free Markets Recreate Corporate Capitalism?” read and edited by Tony Dreher. And when I say “free markets,” I am not referring to a society in which the majority of economic functions are organized through money exchange (the “cash nexus”) or business firms. By “free market” I mean only…
Will Free Markets Recreate Corporate Capitalism?
Some anarchists and socialists argue that, even if markets can theoretically be non-capitalist, and non-capitalist market economies can exist, the dynamics of the market will eventually lead to the restoration of capitalism. The argument used by non-market anarchists and socialists is that, in a competitive market — even a competitive market of widespread distribution of…
Brief Introduction To Left-Wing Laissez Faire Economic Theory: Part One
In my last two blog posts, I responded to Lynn Stuart Parramore’s article titled How Piketty’s Bombshell Book Blew Up Libertarian Fantasies. At the end of the second one, I promised an explanation of the economic theory I used to critique her article. This post will be a brief introduction to said economic theory. Let’s…