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Quotation of the Day…

Tweet [1]

… is from page 78 of Tomas Larsson’s important 2001 volume, The Race to the Top: The Real Story of Globalization [2] (links added):

51vddvsvc0l-_sx322_bo1204203200_Free trade and free movements of capital are profoundly at odds with the nation-state.  The Swedish economic historian Eli Heckscher [3] has described how mercantilism [4] emerged from the need of European Renaissance rulers to gather rival groups into more ordered political structures, which developed into what we today call “nations.”  Mercantilism [5], then, is the very wellspring of the nation-state.

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