Discussion in 'theory, philosophy & history' started by ska invita, Jan 6, 2018.

  1. ska invita

    ska invita back on the other side

    Considering recent world political events Im curious if anyone has any thoughts about economic an economic policy and inevitably with its relation to nationalism.

    Seems to me its a policy that divides both the left and the right:

    On the one hand some parts of 'the right' see the free market as a leftist way of dissolving borders and national identity and gravitate towards protectionism as a result. And of course by contrast the consensus of the majority of the right has been the opposite over the last however many decades.

    This Socialist Party link Trade wars and protectionism describes the split amongst Labour left in the 70s on the issue (supposedly Tribunite Left advanced by Tony Benn and most trade union leaders were for protectionism - Militant supporters argued against)
    That SP article concludes
    ..which i agree with, but considering the point "For socialists it does not matter so much" either way, which is preferable of the two? It seems to me that at least non-protectionism doesn't pander to and reinforce nationalism.
    Last edited: Jan 7, 2018
  2. yield

    yield zero

    What about West Germany and Japan after WW2 when economic protectionism was encouraged by the USA for them to act as a bulwark against the USSR?

    Is import substitution industrialisation always nationalistic?

    Isn't forcing "free market" policies onto the global south also in the "national interest"?
    Dom Traynor likes this.
  3. ska invita

    ska invita back on the other side

    yeah true...its massively complicated i think.
    What Brexit/Trump/Le Pen etc have in common is lip service to protectionism to different degrees...If Tony Benn was for protectionism is Corbyn? id like to understand it all better
    Last edited: Jan 7, 2018
  4. ska invita

    ska invita back on the other side

    what does import substitution industrialisation mean?
    in the economic national-unit interest, but not Nationalistic and reinforcing of Nationhood
    Last edited: Jan 7, 2018
  5. yield

    yield zero

    For a nation to buy, copy, sell, improve manufactured goods.

    Sorry for wiki link Import substitution industrialization - Wikipedia
    When's it one and not the other?
  6. ska invita

    ska invita back on the other side

    The whole reason parts of the far right don't like globalised capitalism is that it is seen as undermining a localised national identity in place of some kind of globally-connected entity. And globalised capitalism does have that effect I think, from my own experience...I like that aspect of it...I like the world feeling smaller and more connected and national borders feeling that bit more meaningless. Nationalist reactionaries hate that part of it, a factor in current right wing trends to think of clash of civilisations, defending '(white) european culture' etc. (not new of course)

    British economy (in the so called national interest) exploiting Asian workers doesn't necessarily have any impact on creating greater British nationalism
    NoXion and yield like this.
  7. ska invita

    ska invita back on the other side

    Two good articles from Marxist economist Michael Roberts on this, basically exploring the lack of consensus on this issue.
    Free trade or protectionism? – the Keynesian dilemma
    Trump’s trade tantrums – free trade or protectionism?

    Concluding remark seems to be neither has much better a record than the other, which leads me to think that on balance free trade is better in that it at least has an internationalist, less nation state competitive culture


Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice