Historical Origins of Tariffs and the Misconception of Globalization's Decline
By
mitchbob
Fresh out the oven, still warm. Top of the tray.
Summary
The article discusses the historical origins of tariffs, tracing them back to medieval sheikhs and sultans, and contrasts their modest use with modern interpretations, particularly under Donald Trump. It challenges the notion that globalization is outdated, providing historical context to argue against this cliché.
Key quotes
· 3 pulledDonald Trump likes to tell us that ‘tariff’ is ‘the most beautiful word in the dictionary’.
They were not really things of beauty either, being modest tolls to raise a little revenue, not intended to keep out foreign stuff, and were seldom charged at more than 5 per cent.
It is the least convincing cliché of the age that ‘globalisation has passed its sell-by date.’
You might also wanna read
The Historical Shift to Restrictive Zoning: How 'The Great Downzoning' Created Modern Housing Shortages
The article examines the historical shift in urban development policies across Western countries from the late 19th to early 20th centuries,
worksinprogress.co·6mo ago
Review: Mariana Mazzucato's "The Common Good Economy" Examines Mission-Led Government and Labour's Challenges
This article reviews Mariana Mazzucato's new book "The Common Good Economy," which examines how her concept of "mission-led government" infl
share.google·1h ago
A Free-Market Perspective on Reducing Healthcare Costs
The article presents a free-market perspective on healthcare reform, arguing that healthcare costs are driven by expenses for personnel, dru
deanbaker22.substack.com·1h ago
Economic Fragility: How Tariffs and Oil Costs Are Reshaping American Power
This article analyzes how economic pressures—specifically tariffs and rising oil costs—are reshaping American power and influence. Using the
warontherocks.com·4h ago
Choose France 2025: €40.8 billion in investments announced at Versailles summit
The article covers the ninth edition of the Choose France summit, organized by Emmanuel Macron at Versailles, which aims to showcase France'
l.leparisien.fr·7h ago
Trump economic adviser Hassett downplays Americans' cost-of-living struggles as credit card delinquencies hit 15-year high
The article criticizes Kevin Hassett, Trump's top economic adviser, for dismissing Americans' financial struggles amid rising costs of livin
motherjones.com·11h ago