The Nation.



How to Fix Our Broken Economy

By Jeff Madrick

This article appeared in the October 22, 2007 edition of The Nation.

October 4, 2007

Write a Web letter about this article.

What's a Web Letter?

Web Letters are continuously published e-mails from real people, signed with their real names. No registration is required. Each article page on The Nation includes a Web Letters link.

Read the best Web Letters on this page.

We're committed to publishing your comments as they are received. We place a red star () on the best submissions and may edit your e-mail for length or content. Your e-mail address will not be published or shared with any third party without your consent.

If you prefer, you may submit a letter to the print edition only.

We look forward to hearing from you.

  • "Free foreign trade gives our money, our manufactures, and our markets to other nations to the injury of our labor, our tradespeople, and our farmers. Protection keeps money, markets and manufacture at home for the benefit of our own people."

    This quote is part of a speech Congressman William McKinley made opposing the Wood tariff bill, which "reformed" tariffs by lowering them. We are familiar with the same kind of "reforms" by "modern" Republicans and now Democrats that take jobs and industries out of the US searching for cheap labor for the benefit of big business and the multinationals. Nineteenth-century Republicans had build their industries behind a wall of tariffs that allowed them to compete with cheaper goods that would have been dumped on the American Market.

    McKinley's speech did not represent a Republican point of view but a national American viewpoint that reflected the ideas of Alexander Hamilton in his Report on Manufactures to Congress.

    If you want America to be a great industrial nation, than look to our past and how we became an industrial juggernaut. The past can be the prologue to the future. "Free Traders" build nothing! They manipulate markets, industries, and people to squeeze unreasonable profits for Corporate fascist elites.

    Pervis J. Casey

    Riverside, CA

    10/07/2007 @ 2:50pm


Popular Topics
Most Searched

Issues »

Most Emailed

Issues »

Blogs

» The Dreyfuss Report

Maliki the Thug | He says he wants the US out, but a former Iraqi prime minister has other ideas about Maliki.
Robert Dreyfuss

» Capitolism

John McCain's Private Language Problem | McCain: The surge means what I say it means.
Christopher Hayes

» Campaign 08

Cindy Sheehan is Putting Impeachment on the Table | A peace activist's independent campaign prods Speaker Pelosi.
John Nichols

» The Notion

Fox News Attacked by Rapper, Blackroots & Colbert | Fox's worst nightmare: Liberal bloggers and Black hip hop.
Ari Melber

» The Beat

Obama Sets the Right Middle East Peace Timeline | Like Carter, he says he would start working on inauguration day.
John Nichols

» ActNow!

Send Karl Rove to Jail | The former Bush advisor regards the law with contempt, so it's time the law and Congress hold him in contempt as well.
Peter Rothberg

» Editor's Cut

Rethinking Afghanistan | There is no easy answer but we need to think beyond the reflexive response of troop escalation in order to find sane and humane alternatives.
Katrina vanden Heuvel

» Passing Through

In Youth Organizing, the Old Becomes New Again | Organizational models and institutions from the 2004 election are beginning to see a revival in 2008.
Michael Connery

» And Another Thing

McCain Opposes Contraception -- Pass It On | He's for Viagra and against the pill. Why won't the media cover this important story?
Katha Pollitt