Commerce Promotes Peace, But ...

"They who propose to influence by force the traffic of the world, forget that affairs of trade, like matters of conscience, change their very nature if touched by the hand of violence; for as faith, if forced, would no longer be religion, but hypocrisy, so commerce becomes robbery if coerced by warlike armaments."

--Richard Cobden

Individualism, Collectivism, and Other Murky Labels

Imagine the following person. He believes all individuals should be free to do "anything that's peaceful" and therefore favors private property, free global markets, freedom of contract, civil liberties, and all the related ideas that come under the label "libertarianism" (or liberalism). Obviously he is not a statist. But is he an individualist and a capitalist or a socialist and a collectivist? It sounds like an easy question, but on closer inspection it's not.

The rest of this week's TGIF, "Individualism, Collectivism, and Other Murky Labels," is at the Foundation for Economic Education website.

Cross-posted at Liberty & Power.

Progressive Illiberalism

"The Progressive movement, which dominated the American scene in the years from the turn of the century to United State entrance in World War I, was not primarily a liberal movement," writes Arthur A. Ekirch Jr. in his magisterial work The Decline of American Liberalism. "[I]n contrast to former American efforts at reform, progressivism was based on a new philosophy, partly borrowed from Europe, which emphasized collective action through the instrumentality of government."

Read the rest of my latest TGIF column, "Progressive Illiberalism," at the Foundation for Economic Education website.

Cross-posted at Liberty & Power.

Made Everywhere

In reality there are no imports and exports. There is only what I make and what everyone else makes. Few people would want to live just on what they themselves could make.... The case for free trade is conceded the moment someone eschews self-sufficiency. After that, we're just haggling over the size of the trade area. But if free trade (read: division of labor) is good, then the bigger the free-trade area the better. Globalization should be the worldwide removal of all barriers to the exchange of goods and services -- rather than trade managed through state capitalism and multinational bureaucracies. Unilateral, unconditional free trade is the smartest policy.

Read the rest of this week's TGIF column, "Made Everywhere," at the Foundation for Economic Education website.

Cross-posted at Liberty & Power.