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Old 05-11-08, 09:47 AM   #8 (permalink)
aegyptos
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Re: The New Mercantilists?

Quote:
Originally Posted by Scucca View Post
European policy has always been corrupted by a level of economic nationalism. Regionalism has ironically tended to inflame that, given it provides a means to hide from economic competition. However, I'm more interested in the abuses (i.e. lost economic opportunities) made possible by the "its national security" excuse
Economic nationalism is vital. The US of course is exceptional among western national in many respects American nationalism tends also to be unique. Unlike the racist and bigoted nationalisms of Europe, the American variety is benign. The US should look more to its national and regional interests.

National security is not an excuse. Its a legitimate expense of government. The US defense budget is not too large for instance given the assignments the rest of the civilized world has shuffled off their backs and on to hers. It would be interesting to see the dismantling of the bloated welfare states in Europe and Japan if the US only looked to its defense needs.

Regional economic blocks are the future. Globalism is a dead letter because their is no such thing as global interest. Concentrated interest always trumps the diffuse interest.

In response do not post any link to some paper or research material.
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