Sunday, May 24, 2020
WE HAVE TO RELY ON THE BRITISH TO TELL US THIS??
Free trade, national defense and Adam Smith. Thanks to Freeper.
"US dependence on Chinese imports posing potential threat on national security, think tank says"
"A new report by a British think tank shows that the U.S. is strategically dependent on China for 414 categories of imports, of which 114 service its critical national infrastructure -- and in some cases, these could pose a national security risk."
AMERICAN MILITARY NOT TOTALLY 100 % SELF-SUFFICIENT WITH REGARD TO HOME-GROWN PRODUCT FOR NATIONAL DEFENSE.
ADAM SMITH THE GREAT ECONOMIST AND ADVOCATE OF FREE-TRADE CITING SEVERAL EXCEPTIONS TO THE CONCEPT AND POLICY OF FREE TRADE. ONE OF WHICH WAS ITEMS AS NECESSARY FOR NATIONAL DEFENSE, WAR MUNITIONS TO THE GREATEST DEGREE POSSIBLE PROCURED LOCALLY.
Consider the British Acts of Navigation from the Seventeenth Century:
"The Acts of Navigation, originally enacted under Oliver Cromwell and elaborated upon by Charles II and his successors, gave British ships with British crews, a monopoly of British trade. Subsidiary regulations prohibited for strategic reasons the colonies exporting ships' accessories (masts, spars, rudders and sails) and naval supplies, and prohibited their conveying ordinary commercial exports to anywhere other than via
Britain First! America First! Not now, but should be.