Hamiltonian Policy: Mead critiques Hamiltonian foreign policy as promoting business over patriotism, calling it neo-colonialist. He contrasts Hamilton’s mercantilism, which favored a few, with modern ideas of free trade, indicating a shift in the political landscape toward Jacksonian and Jeffersonian principles.
Walter Russell Mead discusses Hamiltonian foreign policy, connecting it to modern political movements like Jacksonian populism and Jeffersonian isolationism. He suggests Hamilton’s views were more about national business interests than pure patriotism, portraying a more colonial mindset. This type of governance, where government and business overlap, led to a ineffective mercantilist system that favored certain groups with privileges. Hamilton’s approach contrasts with modern ideas of free trade and state restraint, highlighting a shift in political ideology in the 21st century. The romanticized view of Hamilton as a patriotic figure is challenged, revealing an agenda more aligned with British economic models than with autonomous American values.
Economic Interventionism: Economic protectionism isn't viable; Hamilton's influence led to prioritizing American interests over global humanitarianism in foreign policy, with historical interventions favoring U.S. goals rather than true international cooperation.
As trade expanded globally, it became clear that economic protectionism was not sustainable. Hamilton's ideas led to state intervention and foreign policy that often prioritized American interests over true humanitarian goals. Historical examples show that initiatives like the League of Nations and interventions in countries were more about supporting American interests than promoting self-determination or global peace, as evidenced by the actions of presidents like Wilson and Obama.
Self-Interest Focus: U.S. foreign policy has typically favored national interests over moral imperatives, often supporting dictatorships and interventions that align with economic goals, rather than genuinely promoting democracy or a consistent standard of justice.
American foreign policy has often been driven by self-interest rather than genuine humanitarian concerns. Throughout history, the U.S. has supported various regimes and military interventions that align with its economic and strategic goals, such as funding Saudi Arabia's actions in Yemen and backing Iraq during the Iran-Iraq War. Rather than promoting democracy or punishing evildoers consistently, the U.S. has prioritized securing business interests worldwide. This pattern suggests that American leaders have frequently acted based on realpolitik rather than principled foreign policy. Even with occasional calls for a more restrained approach, like those made by recent presidents, the overarching trend has leaned towards maintaining a powerful presence globally to safeguard national interests rather than fostering meaningful alliances or humanitarian outcomes.
Critique of Interventionism: America's interventions in conflicts often serve powerful interests, not the public. Hamilton's legacy showcases a focus on elite agendas rather than democracy and public service.
America has often intervened in conflicts mainly to benefit powerful groups such as bankers and defense contractors, rather than for genuine reasons. This pattern reveals a reliance on strategic interests rather than humanitarian ones. Additionally, Hamilton's legacy is critiqued as being rooted in promoting national interests and mercantilism, rather than serving the public or championing democracy. This highlights a historical tendency to prioritize elite agendas over the nation's well-being, urging a critical reevaluation of American political motives throughout history.
It’s Always Been Hamiltonian Statecraft
Recent Episodes from Audio Mises Wire
Understanding the Real Costs of Slavery: It’s Not Cheap labor
The standard belief is that slavery was about obtaining “cheap labor,“ yet nothing could be further from the truth. Slavery comes with high opportunity costs, which is why American slave owners depended upon several government regulations to subsidize their “peculiar institution.”
Original article: Understanding the Real Costs of Slavery: It’s Not Cheap labor
Do Financial Markets Immediately Provide All Relevant Information?
The Perfect Market Hypothesis claims that all movements in the market can be considered as random, as market players and prices adjust immediately to new information. However, market players do seek new information and seek to use it.
Original article: Do Financial Markets Immediately Provide All Relevant Information?
Why the Family Is Not the Model for the State
Politicians have long claimed that states are like big families, and that political regimes rule in ways similar to how parents raise their families. This is nonsense.
Original article: Why the Family Is Not the Model for the State
New “Engels” on Marx
It is understood that Marx's theories stand entirely upon his Labor Theory of Value. If that theory is discredited, so is the scenario that leads to the inevitable triumph of communism. That fact, however, doesn't stop Marx's disciples from employing other fallacies.
Original article: New “Engels” on Marx
Can the State be Justified?
The common belief regarding state power is that it is always justified and there can be no questioning the state's existence. But is that true? Does state power conform to natural law or is it imposed upon subjected people?
Original article: Can the State be Justified?
The Stewards of History Desperately Need Mises
Academic historians and archivists have been captured by the hard left and the DEI industry. Not only will the current trends make them bad historians, but it also makes them intolerant people. Mises knew better.
Original article: The Stewards of History Desperately Need Mises
It’s Always Been Hamiltonian Statecraft
The ruling elites of the US are calling for a "return" to "Hamiltonian Statecraft" and to move away from so-called isolationism. However, there has been no time since the end of World War II that the US has been anything but aggressive in its foreign policy.
Original article: It’s Always Been Hamiltonian Statecraft
“Paper or Plastic?” How One Market Intervention Requires Another to “Correct” the Original One
California's 2014 ban on “single-use” plastic bags was supposed to lead to less waste of plastic, which hasn't happened. Now environmentalists are demanding the state ban the same plastic bags mandated by the original legislation. One intervention begets another and another.
Original article: “Paper or Plastic?” How One Market Intervention Requires Another to “Correct” the Original One
Smashing the Western Illusion of Democracy
When our ruling classes speak of “believing in democracy,” they are speaking of a romantic version of a form of governance that, in real life, is quite different than the sanitized version presented in our media.
Original article: Smashing the Western Illusion of Democracy
The Bolognese Jurists behind the Proto-Austrians of the Salamanca School
The Salamanca School is known for important contributions to free-market economics and the Austrian School. The Bolognese jurists also made key contributions.
Original article: The Bolognese Jurists behind the Proto-Austrians of the Salamanca School