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Commerce, markets, and peace: Richard Cobden's enduring lessons.(Precursors)
Independent Review
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June 22, 2004|
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COPYRIGHT 2004 Independent Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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The progress of freedom depends more upon the maintenance of peace and the spread of commerce and the diffusion of education than upon the labour of Cabinets or Foreign Offices.
--Richard Cobden
In a 1944 review of F. A. Hayek's Road to Serfdom, George Orwell declared, "Capitalism leads to dole queues, the scramble for markets, and war" (1968, 119). Indeed, if we look at the past century, we see significant advances in markets, but we also see an era plagued by war. Do capitalism and conflicts go hand in hand? Are the military and markets complements? ...
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