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Monday 30 November 2009

In fact, there has been only one top-nation that ever avoided the addiction to imperial mercantilism, and that was the United States of America. Upon finding itself the overwhelmingly dominant power, at the end of World War II, the U.S. had ample opportunity to impose its own vision upon the system of international trade. And it did. Only, at this crucial moment, something special happened. At the behest of Marshall and his advisors. America became the first pax-power in history to deliberately establish counter-mercantilist commerce flows. A trade regime that favored the manufactures of many foreign/poor countries over those in the homeland. Nations crippled by war, or by millennia of mismanagement, were allowed to maintain high tariffs, keeping out American manufactures, while sending shiploads from their own factories to the U.S., almost duty free. Moreover, despite the ongoing political tussle of two political parties and sometimes noisy aggravation over ever-mounting deficits, each administration since Marshall’s time kept fealty with this compact — to such a degree that the world’s peoples by now simply take it for granted. Forgetting all of history and ignoring the self-destructive behavior of other empires, we all have tended to assume that counter-mercantilist trade flows are somehow a natural state of affairs! But they aren’t. They are an invention, as unique and new and as American as the airplane, or the photocopier, or rock n’ roll. David Brin

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