A wonderful idea - Autarky

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From the InfoGalactic entry:

Autarky
Autarky is the quality of being self-sufficient. Usually the term is applied to political states or their economic systems. Autarky exists whenever an entity can survive or continue its activities without external assistance or international trade. If a self-sufficient economy also refuses all trade with the outside world then it is called a closed economy.

Autarky is not necessarily an economic phenomenon; for example, a military autarky would be a state that could defend itself without help from another country, or could manufacture all of its weapons without any imports from the outside world.

Autarky can be said to be the policy of a state or other entity when it seeks to be self-sufficient as a whole, but also can be limited to a narrow field such as possession of a key raw material. For example, many countries have a policy of autarky with respect to foodstuffs and water for national security reasons.

Looking at this list makes me smile:

Opponents of autarky:

    • Proletarian internationalism, World communism, Stateless communism, World revolution, Permanent revolution
    • Trotskyism, Fourth International
    • Classical liberalism, Neoliberalism
    • Neoconservatism
    • Libertarianism, Libertarian conservatism
    • Liberal internationalism
    • Anarcho-capitalism

Does not have to be total but I would love to see our manufacturing base return to within our borders. Sure, I want fresh fruit from Chile in the winter and Taiwanese or Indian machine tools (profoundly better quality than Chinese) and Japanese ham radio electronics but this is a mercantile decision on my part. To have the US make itself open for business again would be a very good thing for everyone here.

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This page contains a single entry by DaveH published on March 31, 2020 7:11 PM.

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