The old Hamiltonian gospel

“For decades, before a heedless congregation, some of us have preached the old Hamiltonian gospel.

Great nations do not have trade partners. They have trade competitors and rivals. Trade surpluses are superior to trade deficits. Tariffs on foreign goods are preferable to taxes on U.S. producers. Manufacturing, not finance, is the muscle of the nation.

Economic independence is vital to political independence.

Following Hamiltonian precepts, the United States grew from 13 rural and agricultural colonies into the greatest industrial power in all history, producing 42 percent of the world's manufactured goods. We were the awe and envy of mankind, the self-sufficient republic, maker of half of the armaments produced by all the
nations in World War II.

That is the America we grew up in -- that has now vanished...”

From “China's Path To Power” By Pat Buchanan.