This week, the dialectic goes to explore the question of ‘free trade, trade wars, and protectionism’. What did Marx think about the question? Is it something of concern to the working-classes? How should they respond to a situation in which the capitalists of one country engage in trade wars with capitalists of another country?
To help us understand how Marxian economists and activists view this debate, especially in the present context, we have Prof. Richard Wolff.
Amidst all the noise about ‘bringing jobs back’ and all the rest of it, and the rhetoric of protectionism, how (if at all) will the American working classes benefit from this? I ask this, especially in the context of the cheap goods that we have been buying as consumers in America that were ‘made in China’.
(Context of 1847: a Free Trade Congress was held at Brussels. It was a strategic move in the Free Trade campaign then carried on by the English manufacturers. Victorious at home, by the repeal of the Corn Laws in 1846, they now invaded the continent in order to demand, in return for the free admission of continental corn into England, the free admission of English manufactured goods to the continental markets. At this Congress, Marx inscribed himself on the list of speakers.)