Tag Archives: mercantilism

Consumers buy the cheapest good that will give them the value they expect

Have you ever heard someone insisting on having an accredited phone, car or washing liquid?  No?  Gary North explains, “Let me tell you who else does not care about America in general: individual Americans. How do I know this? Because they … Continue reading

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62% of certified firms abandoned EU HACCP since anticipated benefits were not realized

US authors reported that most certified Philippine seafood firms abandoned EU HACCP certification since the promised benefits were not realized.  The cartel is right: when you don’t bow to it, its legislation will ensure that you lose business.  The authors estimated … Continue reading

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Accreditationism as neo-mercantilism (or as the opium of the cartel)

Mercantilism was the economic policy of the colonial nations from the 16th to the 18th centuries.  The doctrine was that government regulation was essential for each nation to dominate trade.  The economy was believed to be a zero-sum game.  It had … Continue reading

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