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View Diary: The American System (205 comments)

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  •  I'm fascinated by this (0+ / 0-)

    Obviously the mercantilist system of Great Britain and Holland in the 17th and 18th Centuries did more to keep the global economic system in a state of perpetual slavery than even Jefferson and Jackson did in the Southern US.

    The problem with economics as seen by the democrats in 1800 was that wealth was measured by the number of slaves one owned which meant that the white yeoman farmers would be economically successful as their slave holdings increased.

    The republicans of today have thoroughly repudiated Lincoln and his accomplishments. Mitt Romney and Paul Ryan if elected would have been ready to reinstitute the worst excesses of the mercantilist system and the obvious cognitive dissonance is their insistence that trickle down mercantilism is a succesful economic system. It is not.

    Knowledge is Power. Ignorance is not bliss, it is suffering.

    by harris stein on Sun Dec 02, 2012 at 10:07:12 AM PST

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