By Patrick J. Buchanan, July 27, 2018: “Make America Great Again!” will, given the astonishing victory it produced for Donald Trump, be recorded among the most successful slogans in political history. Yet it raises a question: How did America first become the world’s greatest economic power? In 1998, in “The Great Betrayal: How American Sovereignty… Continue reading Did Tariffs Make America Great?
Last night, Andrew Hastie used his parliamentary privilege to accuse businessman Dr Chau Chak Wing of bribery. The Chinese-Australian has donated 4 million dollars to the Australian Liberal and Labor parties, and these developments have raised broader concerns about ongoing Chinese influence in our media, universities and politics. Before one addresses the scope of these intrusions… Continue reading Andrew Hastie dare raises the Chinese Question
While written a few weeks ago, Pat Buchanan’s response to President Trump’s tariffs are equally relevant to US trade policy, and the topic of protectionism more broadly. While I recommend reading the entire piece, Buchanan’s primary arguments can be summarised as: “Production comes before consumption. Who consumes the apples is less important than who owns… Continue reading Pat Buchanan’s defence of protectionism
In the eyes of many free trade advocates, retreats to protectionism are common precursors to inter- state conflict. While this narrative is problematic when considering the strong correlation between anti- militiary interventionists and anti- free traders, it should also be understood that protectionist measures can be a means of exerting diplomatic pressure, to avoid military conflict. Evidently,… Continue reading There is no such thing as free trade
Scoffing at the concept of an America First President, President Obama once publicly ridiculed then candidate Trump in asking: ‘What magic wand do you have?’ Since then President Obama and his legacy has been turfed out, in place of a new nationalist order which places American workers and economic concerns first. In fairness to the… Continue reading Economic nationalism works
Last year, I highlighted the problem of infinitely expanding trade with China. And suggested that in a trade deal where Australia is flooded with cheap, disposable products, while China gets jobs and wealth, China comes out as the clear winner. Likewise, it appeared that when push came to shove, China would exercise a stranglehold over… Continue reading Malcolm Turnbull’s submission to China
Spain isn’t a country usually mentioned amongst the Islamized likes of Belgium, France, Sweden or the United Kingdom. Yet the nation’s low birth rates and proximity to the Muslim world, make it ripe pickings for an Islamic conquest. Spain has been thus far (as Giullo Meotti’s fine article points out), woefully inadequate in confronting this… Continue reading The Quiet Islamic Conquest of Spain
With comparative advantage increasingly diminished amid technological trends, one of the more historically important cases for free trade appears on the wane. Thus, national trade and industries are more and more about trans- national competition, and this is why modern economic protectionism is a furmost patriotic duty. First Things, Robert Cummins, May 1, 2017: A couple… Continue reading My Orange Juice Came From Brazil
Pauline Hanson’s recent speech to the Senate on the importance of Australian ownership: Water should belong only to the Australian people. No-one has a right over it; it should not be bought and sold on the open market. We must protect our water rights. It is the lifeblood of this nation. Senator Hanson (Queensland) (12:53): I… Continue reading The relationship between foreign ownership and the United Nations
Despite Donald Trump withdrawing from the TPP via executive order, Malcolm Turnbull has desperately attempted to salvage the trade deal. At one point, Turnbull even proposed that China could join the TPP, before Japan slapped down this foolish suggestion. In arguing for a revised TPP, Malcolm Turnbull has repeatedly justified these attempts with claims that a… Continue reading Trade is about more than jobs
With the creation of the European Economic Community (EEC) in 1958, Europe took its first steps towards creating a single common market. Following the worst bloodbath in human history, the logic appeared simple enough: European nations were hoped to engage in trade together through this economic community, in order to avoid future conflict. This was a noble concept at… Continue reading The underpinning feature of free trade
One of the last remnants of Australian car production has been terminated, after Holden ended its 68 years of engine manufacturing in Australia. Reportedly, the company has stockpiled V6 engines so it can continue to assemble vehicles in its plant near Adelaide, before this too closes next year. Once this occurs, the final nail in the coffin… Continue reading Holden builds its last engine
A sound argument from Pat Buchanan defending a protectionist trade policy. Perhaps something similar could be pursued here also. “An ‘America First’ Trump Trade Policy”, buchanan.org, November 26, 2016: Donald Trump’s election triumph is among the more astonishing in history. Yet if he wishes to become the father of a new “America First” majority party,… Continue reading An ‘America First’ Trump Trade Policy
While the 21st century has largely seen a worldwide push towards economic globalisation, the recent emergence of alternative ideas bucked this trend. As among the populist American revolt led by Donald Trump, the Brexit uprising, Pauline Hanson’s recent electoral successes as well as the heightening popularity of both Marine Le Pen and Geert Wilders, these figures all shared in common varying… Continue reading Why I reject the idea of free trade
As foreign countries that are particularly hostile to Australia continue to seize control of key national assets, whether they be in electricity, fuel or transport, our capacity to act independently in times of crisis, is deeply hindered. Further, for a nation to carelessly sacrifice its basic tools of trade, as has recently occurred in Melbourne, will drive up the cost of… Continue reading Foreign investment? Or Dollar Imperialism?