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19: How we broke the British pound, with Rob Johnson

Onward, a Fundrise Production

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The Importance of Mercatilism in Globalization

I have mercantil policy, which I think is China's policy, and ours are free trade policy. Mercatilism essentially means achieving national growth through protectionism and trade barriers. When you start with China at 140th of the Percappanin to come up America and you do globalization, you're going to have to invest a lot of money in transformational assistance. You can't just wipe out all of the, what I'll call high level manufacturing because it moves to China,. Have everybody become a hamburger flipper and then say it's all okay.

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