September 12, 2011
I HIGHLY recommend Kristor’s most recent comments on trade policy, which offer a coherent, traditionalist approach to foreign competition. To call Kristor’s views “libertarian” is grossly inaccurate. He recognizes the integrity of the community and its duty to protect members from economic harm.
Since it is difficult to read his points in the current format, I have chosen a few excerpts to highlight here:
Freedom does not mean lack of constraint; it depends upon proper constraint of what would otherwise be mere chaos. Only in the context of such constraints can behaviour be orderly (or therefore either good or bad). Determining the nature and bound of proper constraint is the basic matter of political discourse. Mercantilists get the constraints wrong at one extreme; doctrinaire libertarians at the other. Mere liberty does not suffice to order a society, because it does not suffice to order a life. But central planning overdetermines on the basis of inherently insufficient data, and thus leads to grotesque errors of resource allocation… Read More »