PEN-L
mailing list archive

Other Periods  | Other mailing lists  | Search  ]

Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

Re: neomercantilism, trade



> ((((((((((
>
> CB: Here is risk again. I agree with what you say , but ..re: our
previous discussion of risk...the biggest corps use their power to
avoid risk.

===========

Right but that's not the same as saying risk does not exist or that
risks are never *taken*--passive third person. It's who creates risk
for who[m] that is of paramount concern when risk by definition is a
hot potato that never cools down and can,
metaphorically-surrealistically, get hotter. Same with taxation, the
ultimate hot potato. The emergence of the US as economic giant via
protectionism can be traced to Shay's Rebellion--a tax revolt, which,
while negligible in it's economic effect, sent a *huge* fright into
the early US ruling class, which was quite debt addled at the time...

Ian




Other Periods  | Other mailing lists  | Search  ]