Regional trade organized by local hegemons and closed blocs rather than a single global order.
Topic brief
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mercantilism
Regional trade organized by local hegemons and closed blocs rather than a single global order.
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Key Notes
State-directed trade organized to produce wealth for the state and protect imperial trade zones.
The end of Pax Americana will produce regional trading blocs, a return to mercantilism in which local hegemons guarantee trade only among allies.
The American Revolution is explained through three pressures: British limits on westward expansion, British attempts to tax colonists for defense, and mercantilist trade restrictions.
Jiang defines mercantilism as state-directed trade for state wealth, producing rival trade zones that American colonists resent.
Timestamped Evidence
"...will see emerge is regional trading blocks. Basically, the idea of mercantilism, okay? Mercantilism. And for most of you in history, this was what..."
"It was more expensive, it was not so convenient, but it still works. So this does not mean the end of global trade, it..."
"Mercantilism is the idea that all trade should be directed by the state for the purpose of generating wealth for the state. And so..."
"immigrants will be forced to move out west to settle territory in the western frontier of these colonies. Okay? But as you know, these..."
"...these nations, Spain, France, Britain, they're practicing a economic policy called mercantilism."
"...-based national order. Another difference is World War II was about mercantilism. Okay? Mercantilism is basically you have your own separate trading zone. You..."
Relevant Lectures And Readings
Fukuyama's end of history becomes, in this lecture, a temporary American spell: Pax Americana, science-priesthood, and dollar worship.
America begins here as a cure for civilization: a clean-slate game built from Enlightenment rights, self-help, property, and fair rules.
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