Email from Sue
If not the Religions of Free Trade Marketeering or Marxism/Leninism — then what?
Hawaii imports 85% of what it consumes and has embarked on a program of self-sufficiency.
I went looking for what economists think about self-sufficiency – generally expecting a negative opinion, since self-sufficiency is the opposite of the Religion of Free Trade Marketeering. Found an article in Wikipedia about the American School of Economics, which relies in part on tariffs to prevent outside compensation … Not so thrilled with tariffs, but there are other ways to prevent market predation by large corporations undercutting local producers … strengthening and expanding antitrust and unfair competition rules would be one.
The American School of Economics was the main economic policy of the US from the Civil War to the mid 20th Century. The primary policies were selective high tariffs, government investment in infrastructure, and a national bank that helped create productive businesses. It wanted the US to be “economically independent and nationally self-sufficient.”
It seems to me that self-sufficiency is vital to curing the economic and financial devastation we are experiencing. A country that produces most of what it needs is a prosperous, fully-employed, and responsible for the environmental effects of its own production. It wouldn’t remediate greed or convert me into a non-Suckist, but it would be a good first step: Let each country make most of what it needs, internally.
FYI: Sue follows the political philosphy of Suckism, which states that “merchant morality is pirate morality, so you can’t let it be unregulated.”
Countries that are self-sufficient would indeed, seems to me, be healthier and less dependent on outside forces.
The US would certainly have less wars if its imports of foriegn oil were negligble, wouldn’t it?