THE AMERICAN SYSTEM VS. BRITISH FREE TRADE LOOTING
There is no such thing as free markets
“The object of what is now called free-trade is that of securing to the people of England the further existence of the monopoly of machinery, by aid of which Ireland and India have been ruined, and commerce prostrated. Protection seeks to break down this monopoly, and to cause the loom and the anvil to take their natural places by the side of the food and the cotton, and that production may be increased, and that commerce may revive….”
Anything that’s bad for corporate profits — even if it’s good for society or reflects national values — is killed in the name of free trade.
~ Henry Carey and William McKinley
Henry C. Carey, economics adviser to Abraham Lincoln:
Carey attacked British Free Trade economics as a system that destroys national agro-industrial productivity, reduces consumption, destroys freedom, and causes war:
“Two systems are before the world: on the one hand, that which is denominated protection, and on the other that which is denominated free-trade.”
One is the English system; the other we may be proud to call the American system
… the only one ever devised the tendency of which was that of elevating while equalizing the condition of man throughout the world….”
THE AMERICAN SYSTEM VS. BRITISH FREE TRADE LOOTING
by Marcia Merry-Baker and Anton Chaitkin Printed in the American Almanac, 1995
What Is the American System?
“#Bitcoin is the only one I’m willing to say is a commodity” SEC Chairman @GaryGensler
BITCOIN IS THE AMERICAN SYSTEM!
“Free markets is a core principle of conservatism” is not American!
Congress passed in 1890 a great protectionist tariff bill, which was known as the “McKinley Act,” in honor of its author who was the principal spokesman for the nationalist policy. McKinley commented that his 1890 Act had “no friends in Europe.”
Having been elected Ohio’s governor, William McKinley spoke in Boston Oct. 4, 1892, on the purposes of his legislation. He showed how the strong-central-government economic system, identified with American Revolution and with Lincoln’s American Union, improves life for the common people, as compared to the British Free Trade system:
“We … are opposed to British political economy…. Free trade shaves down [the workingman’s] labor first, and then scales down his pay by rewarding him in a worthless and depreciated State currency.”
Thread Bitcoin is not progressive. It is a wolf in sheep’s clothing.
The core purpose of the Bitcoin network is to enforce property rights above all else. Property rights are a core principle of conservatism.
Bitcoin is voluntary and peaceful. Everyone must opt in to everything. Technology replaces violence.
Free Markets is not an American System. Free markets are an English System which America didn’t want.
@JasonPLowery has provocative thoughts on this. A voluntary and peaceful system enables free markets. Free markets is a core principle of conservatism.
Bitcoin is human dignity.
All UTXOs are treated equally.
Anyone can use or access Bitcoin.
Human dignity is a core principle of conservatism.