Agreed, and to a certain extent early Charleston residents did just that. Prior to the invention of the cotton gin, Charleston exported corn, rice, indio, & timber among other things. Foreign flagged ships from all over Europe made regular stops in Charleston harbor bringing in finished goods, cloth, and a surprising [to me anyway] amount of hard liquor. I've got some numbers that I'll post later that details the Charleston planters thirst for imported booze. It explains much about their incoherence when it came to matters of developing an internal infrastucture or internal improvements.
[mac] Agreed,
The heavyweights of econ have weighed in against us. Perhaps it's time to throw in the towel.
You've obviously never been to Charleston.