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To: Gianni

You continue to neglect the fact that the shape of the American economy at independence was not the result of market forces but of Imperial policy. We were established to be a resource to be exploited and the policy of Hamilton was to re=shape that shape into a modern economy capable of achieving economic independence with regard to key industries. Most economic studies assume away this political background and that limits their applicability to real life.

Hamilton's policy was to use the tariff revenue from the British exports to foster the industry to compete with British manufacturers and help create a real nation rather than a collection of British dependencies whose economies were controlled by Britain. Creation and strengthening the Union was his magnificent goal, a political goal which made the economy secondary, and achievement earning his place among the Immortals.


1,818 posted on 11/30/2004 8:15:25 PM PST by justshutupandtakeit (Public Enemy #1, the RATmedia.)
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To: justshutupandtakeit
You continue to neglect the fact that the shape of the American economy at independence was not the result of market forces but of Imperial policy.

I don't deny that fact; what I'm saying is that abuse by the crown does not justified continued abuse at our own hands, and every artificial prop for our production and industrialization will ultimately have negative consequences.

1,875 posted on 12/01/2004 6:34:57 AM PST by Gianni
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