A Case Against Free Trade
America became prosperous by protecting American entrepreneurs from attacks by enemy governments and their favored business companies.
The 13 Colonies were forbidden to manufacture anything that might compete with English manufacturing. Outside of an exception for shipbuilding, the colonies supplied raw materials to England who manufactured a wide range of goods that were shipped back to the colonies. At great profit. England called this “one way street” Free Trade.
Free Trade is a propaganda label used to deceive. This British propaganda label was put on trade with England that was highly managed and manipulated for the benefits of a few. Mercantilism is a more accurate label.
the Boston Tea Party was American entrepreneurs reacting to an attack on their businesses by the British East India Company.
The British East India Company was no ordinary Company. It was Chartered in 1601 to effectively create monopoly control of the most lucrative items of trade. It might be thought of as one of the first government partnered transnational monopoly corporations.
In 1773 Parliament rebated a tax on tea so that the East India Company could undercut the price of tea in the Colonies and with the British governments help, enforce a monopoly on tea in the Colonies. The Boston Tea Party was Americas answer to Free Trade.
Read more About the American System of Prosperity (Protectionism) vs Free Trade (looting) here