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Quotation of the Day…

Posted By Don Boudreaux On February 3, 2012 @ 8:42 am In Politics,Trade,War | Comments Disabled

… is from page 61 of Frank Trentmann’s important 2008 book Free Trade Nation [1] – a book that I thank Walter Grinder for bringing to my attention.  In the section of the book from which the following quotation is taken, Trentmann is discussing Joseph Chamberlain’s “Tariff Reform” – an attempt, at the dawn of the 20th century, to move Britain away from a policy of free trade and toward a policy of giving preferential treatment to imports from British colonies as well as protecting British producers from ‘cheap’ foreign goods:

At the time Chamberlain was widely (and rightly) suspected of having given Cecil Rhodes’ men a base from which to launch the invasion that started the war in the Transvaal in 1895.  Now, his Tariff Reform crusade appeared the automatic domestic follow-up to imperialist adventures abroad.  The combined offer of protection and old age pensions mixed jingoism with bribery.

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[1] Free Trade Nation: http://www.amazon.com/Free-Trade-Nation-Commerce-Consumption/dp/0199567328/ref=sr_1_3?s=books&ie=UTF8&qid=1313950341&sr=1-3

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