Message from @Mr. Nessel
Discord ID: 685633089141211175
Mercantalism enabled the merchants who used their newfound powers to then bring forth liberalism
Yes
But you could only remove those powers by impoverishing them or foricng them to fall in line
Like China does
China unironically is doing ISI right
ISI being import substitution industrialization
With a focus on exports
Politics is always about the friction of power interests and mercantilism seems dangerously too close to liberalism. A state authority which is not controlled by productive entities is important
Arguably China is even pursuing mercantilism because of how it acquires raw resources
Mercantilism was about empowering the national economy not the merchant class
The only reason it got out of hand in Europe is that old elites didn't anticipate the new state of affairs and were slow to adapt
Absolutist France did little to incorporate the merchant class as a subordinate but integral part of its order, whislt continuing to court the old elites
That being landed nobles etc.
Corporatism Gang then?
Corporatism was interesting attempt at least
I think it emphasized nationalization too much but its attempt to end class struggle and create a real national economy is admirable
Not bad in principle but practice
If Mercantilism wants to minimize imports and maximize exports, that would presume there would be nations that have to be the big importers, meaning mercantilism can't really be followed by every country
Which isn't to say it can't be readjusted and or incorporated into an updated approach
@Despot Romanicus the Enslaver that's why historically they had colonies which were exporting low value raw materials and manufacturing in the motherland
Nowadays Neoliberals prefer Neo-Colonialism
But the real merit of mercantilism is expanding the productive forces of a country
ISI at the very least can be followed by any country in principle
Basically restricting industrial imports until you create a base in your own country using your own demand
You gradually cut out the stuff you used to Import and substitute it with a domestic alternative which is sheltered from international competition
Countries that don't follow ISI basically hope capital rich countries will invest in them
They're stuck with an economy heavily reliant on the primary sector (farming, mining, fishing and forrestry)
And then use what little purchasing power they have on foreign imports
ISI would have that country industrialize by pulling itself up with its own demand/purchasing power
I presume from there such country can survive taking a more economically isolationist route from foreign entities?
Technically this can still be done in established economies
Autarky is not that desirable
Once you start getting into manufacturing you would want steel etc. to cost as little as possible
You wouldn't want your car manufacturers that export to become uncompetitive just to retain a steel industry for example
How would one ensure that these things do not create an incentive for people to simply adopt more Liberal policies?
By making the corporations proxies of the state
You wouldn't outright nationalize them
However a huge corporation is an institution into itself and needs to bend to national interest
If CEOs etc. don't comply they can be removed
It's also important to push outward economically to prevent filth from seeping in through imports etc.