A somewhat progressive treaty revision with Britain was scuttled after British mercantilists raised protests at its concessions. |
The mercantilists saw a large population as a form of wealth that made possible the development of bigger markets and armies. |
The capacity for countries to apply anti-dumping and countervailing duties to injurious imports owes nothing to Ricardo and everything to the mercantilists. |
If the export lobby gets its way, freer trade will follow, further strengthening the mercantilists at the expense of the protectionists. |
Just a few miles away lie the forts where the mercantilists once housed African slaves. |
American mercantilists who want a devalued dollar might take note. |