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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (197680)	4/21/2023 7:43:21 PM
From: sense	Respond to of 218012

"free trade from a centralized planning, authoritative government that mixes in capitalism to suit itself"... Is, by definition, not free trade... but, first, an obvious abuse of the language in calling it that... as well as an abuse of the markets and other market participants. What you are defining... is not "free trade"... but "mercantilism"... It is not exactly a recent "innovation"... for which, see the structures used in fostering "global trade" in prior centuries.... as the "charters" of the Hudson's Bay Companies... or those grants or licenses that empowered others to operate... as the formerly great Dutch trading companies... enabled only by the royal grant of the trading privileges... and then, also, trade was conducted under the protection of the sponsor... Trade occurred outside those arrangements... but it was conducted "at risk"... And, that too is the subject of a lot of the "ferment" that created the United States... as the conflict with England included a lot of conflict over licensed "control over our right to trade"... limiting who we were allowed to trade with... But, that didn't change much otherwise... prior to 1812 we were already doing pretty much the same thing... by granting trading concessions to lands out west... John Jacob Aster being licensed in a concession made by Jefferson (?) to conduct the fur trade with the west coast... in conflict and competition with the Hudson's Bay Company's grant from the King to conduct that trade in the same territory... I've not seen any credible history discussing the evolution of trade from that era... into a more modern understanding of trade under free market principles... But, of course, trade with China is not "free trade"... but "post-modern" trade conducted, once again, under the rubric of mercantilism under state control... and fully structured as mercantilist trade and not free trade...