A voice of populist conservatism argues that many Americans have lost their jobs because of the free-trade policies of the Global Economy, combining real-life stories and the principles of America's founding fathers to present a new economic nationalism. 75,000 first printing. Tour.
One of America's best known paleoconservatives, Buchanan served as a senior advisor to Richard Nixon, Gerald Ford, and Ronald Reagan. He ran for president in 1992, 1996 and 2000. Buchanan is an isolationist on the subject of American foreign policy and believes in a restrictive immigration policy.
As engrossing as a book on a topic as dry as the history of tariffs and trade policy can be. The United States needs to return to the economic nationalist policy of fair trade instead of the globalist destruction of free trade.
America missed out by not electing Pat Buchanan president. At the time of writing he was a lone voice in the wilderness warning us of the madness of the globalist new world order. Time has borne out his predictions. This book provides a surprisingly interesting history of economic protectionism vs. free trade in the United States.
This book was written twenty years ago and is as timely and appropriate for today as it was then. With all the confusion over tariffs, trade wars, and the economy, the author dispels myths, false hysteria, and mis-information that is floating around. He does so by reminding us of this country's great history. With plenty of sources cited, Mr. Buchanan makes his case for protectionism. If this book doesn't make you discard the awful policy of free-trade, there is no hope for you. Please read for a more enlightened and accurate view of what is happening in our world today.
Pat Buchanan is an enjoyable writer, but when it comes to economics, he is a nationalist. His history of the U.S. economy makes the protective tariff to be the best policy we could have. He has great appreciation for Abraham Lincoln and Alexander Hamilton whose tendencies were toward centralized government. The Constitution does allow for a revenue tariff (as the only way for the national government to collect money) but Buchanan wants a protective tariff (one that would protect U.S. industries from foreign competition). He contradicts the majority of economic opinion by supporting the Smoot-Hawley Tariff of the 1930's, which most economists say was one cause of the Great Depression. I agree with his position against NAFTA and GATT, but my reason is that they reduce free trade by the government overseeing the trade, making it not free but forced. Buchanan disagrees with it because it sends certain jobs to other countries. Part of me would like to believe what he says, but with the sketchy history and questionable economic theory, his great skill at writing wasn't put to the best use.
Written almost 30 years ago, you can see that some of Buchanan's predictions came true regarding China and trade.
You can also see the seeds of the current political right in his sections on immigration.
I found the history about U.S. development the most interesting piece, starting from the American Revolution through the Civil War and Gilded Age period.
As the proto-Trump, Buchanan offers much food for thought. I disagreed with probably 90% of his arguments. But we clearly need to reckon with the effects of increased productivity and automation.
Honestly changed my mind a lot about trade and protectionism. He brought his receipts, and I while I don't agree with him one everything, his arguments are strong and valid.
In-depth guide on why the American working class is becoming obsolete
Even 10 years ago, political expert, media commentator and former two-time presidential candidate Patrick J. Buchanan argued that free trade could undermine the United States’ economic well-being. In this pivotal volume, he expressed particular concern about the loss of U.S. workers’ industrial jobs to overseas countries, a trend he felt even then could threaten the middle class. He argued for a return to tariffs to protect U.S. industries and for an end to participation in multilateral trade pacts and international organizations that operate contrary to the interests of the U.S. Buchanan, long a well-known spokesman for the staunchly conservative position in American politics, speaks from experience and knowledge, though those from the liberal wing might disagree with his conclusions. His expertise is evident, even to the free traders he is vigorously disputing. Read with the perspective of time passing, getAbstract finds that his book offers thoughtful ideas and a powerful argument for a more independent and nationalistic United States.
This the populist & nationalist manifesto that everyone must read. If you want to understand why Trump stands up to China, why he believes in tariffs, and what he thinks of the future of America then this is a book you must read.
This totally changed my mind on the so-called "value" of free trade. In return for free trade, we are sacrificing our countriey's sovreignty and our own liberties as citizend. An amazing book!