Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Protectionism

Cotton is Not What Made the United States Rich

Lately, everyone is arguing that the United States got rich off of cotton. The New York Times recently put out a story arguing that American capitalism “begins on the plantation”. This completely misunderstands the relationship between slave and serf-based agriculture and industrial capitalism. A dominant agricultural industry is not the foundation for industrial success–it is an impediment. Let me show you why…

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How the Left Should Think About Trade

As the Democratic primaries start to heat up, it’s become clear that Bernie Sanders wants to hit Joe Biden hard on trade:

When people take a look at my record versus Vice-President Biden’s record, I helped lead the fight against NAFTA–he voted for NAFTA. I helped lead the fight against permanent normal trade relations with China–he voted for it. I strongly opposed the Trans-Pacific Partnership–he supported it.

Since 2016, American politics has focused quite heavily on immigration. It’s a much more visible issue than trade. Immigrants and refugees are physical people you can see, or even interview. The border is a place you can go, a wall is a physical thing that either gets built or it doesn’t. Some of us are friends of immigrants, some of us are immigrants, and all of us are descended from immigrants. Trade is different. The effects of trade are hard to see and hard to measure. You can see stuff in your local big box store stamped with “Made in China”, but otherwise trade doesn’t make itself obvious to you unless you’re one of the people who loses a job to outsourcing. So the mainstream press doesn’t write about trade very much, unless it’s implying that President Trump is going to visit unspeakable horrors on us through a trade war with China. Even the left press is typically quiet about it. This is a shame, because trade has much larger impacts on ordinary American workers than immigration does.

You can see the rest of this one over at Current Affairs:

https://www.currentaffairs.org/2019/05/how-the-left-should-think-about-trade