Posted on 03/14/2020 10:10:58 AM PDT by ameribbean expat
Autarky, for those unfamiliar, was an economic and industrial policy of self-reliance wherein a nation need not rely on international trade for its economic survival. This is not to say that said nation rejected international trade or isolated itself from the global economic order, rather that it merely could survive on its own if necessary.
Though it has a long history, the concept of autarky saw a flourishing in the 18th, 19th, and 20th centuries. In the early days of the American republic, Alexander Hamilton advocated for a limited measure of autarky. Hamiltonian autarky—or industrial self-reliance—aimed to protect weak American industries from foreign manipulation by the likes Great Britain and France. Today, we must look to protect what remains of American industry from the manipulations of state-backed industrial sectors in China.
(Excerpt) Read more at americanmind.org ...
If we go to the autarky plan how would congress make any kickbacks?.
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