Past Present Future Ideas of Globalisation: Trade, Race and Empire (and Trump!)
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Apr 27, 2025 Join economic historian Marc Palen as he delves into the intriguing world of 19th-century globalization and its connections to today's political landscape, especially under Trump. Discover the clash between economic nationalists and free trade advocates, and question whether globalization ever benefitted everyone or just select groups. Palen discusses the implications of imperialism on trade policies and the rise of protectionism, drawing parallels to contemporary issues like Brexit and U.S.-Canada relations. It's a fascinating journey through history that mirrors our current debates!
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Free Trade's Populist and Socialist Links
- British free trade in the 19th century had populist traits, drawing some working-class support despite intellectual middle-class roots.
- Manchester liberals linked free trade with peace and anti-imperialism, influencing Marx and Engels.
Free Trade Limited to Britain Initially
- Despite Britain's free trade push, global powers mostly stayed protectionist.
- The 1860 Anglo-French treaty briefly boosted free trade optimism but was later reversed by economic nationalism.
German Protectionism Shaped Economic Policy
- German unification involved tariff-free internal trade but high external protective tariffs to shield agriculture and industry.
- Protectionist aristocrats (Junkers) influenced German economic policy, challenging free trade norms.