Musings on mercantilism

posted by
May 31, 2011
The Libertarian Enterprise
by L. Neil Smith  
Posted in Commentary

"Mercantilism is an ancient economic and political arrangement under which certain businessmen acquire and use their influence with government to suppress their competition and offer customers fewer choices in terms of quality or price than they would have in a truly free market. ... Unfortunately, for almost all of its history, America has been a mercantilist, rather than a capitalist country, and it is mercantilism — aided by its political lackeys — that remains the greatest enemy of freedom today." (05/30/11)  

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