OT: Mercantilism



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Topic: Religions > Atheism
User: "maff"
Date: 01 Apr 2005 07:53:03 PM
Object: OT: Mercantilism
Old empires find an old way to assert new power
http://business.timesonline.co.uk/article/0,,8210-1549278,00.html
By Graham Searjeant, Financial Editor



MERCANTILISM is back. More than 200 years ago, Adam Smith exposed the
cost of running an economy to increase the power of the State, as
France's Louis XIV and his minister Colbert had done. Living standards
suffer and progress can be stifled. Yet the nationalistic approach to
trade has never entirely lost its appeal, especially in France.
Exports and the accumulation of reserves are widely seen as good,
imports as bad. Industry should be harnessed and markets managed "for
the good of the people" and nations should have their own industries
so that they do not rely on others.
In the 20th century, Russia and China lost the power they believed
that the world's biggest country and its most populous were entitled
to, because of economic failure. The collective economic model was
pragmatically abandoned.
Mercantilism OR Mercantilist OR mercantilists
http://news.google.com/news?q=%20Mercantilism%20OR%20Mercantilist%20OR%20mercantilists&num=100&hl=en&lr=&sa=N&tab=gn
http://www.google.com/search?q=Mercantilism+OR+Mercantilist+OR+mercantilists&num=100&hl=en&lr=&tab=nw&ie=UTF-8&sa=N
http://www.google.com/search?q=Mercantilism+OR+Mercantilist+OR+mercantilists&num=100&hl=en&lr=&output=search&cat=gwd/Top
http://groups.google.com/groups?as_oq=Mercantilism%20Mercantilist%20mercantilists&safe=images&as_scoring=d&lr=&num=100&hl=en
Imperialism
http://groups-beta.google.com/group/alt.atheism/msg/5caa8368cb2e7b29
Colonialism
http://groups-beta.google.com/group/alt.atheism/msg/4949801e8849003c
.


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