By I. Hossein-zadeh
This wide-ranging, interdisciplinary research blends background, economics, and politics to problem lots of the winning bills of the increase of U.S. militarism. whereas acknowledging the contributory function of a few of the main widely-cited culprits (big oil, neoconservative ideology, the Zionist foyer, and President Bush's international outlook), this research explores the larger, yet mostly submerged, photograph: the political economic system of conflict and militarism. The examine is exclusive not just for its thorough exam of the economics of army spending, but additionally for its cautious research of a chain of heavily comparable subject matters (petroleum, geopolitics, imperialism, terrorism, non secular fundamentalism, the warfare in Iraq, and the Palestinian-Israeli clash) that could look as digressions yet, in truth, aid shed extra mild at the major research.
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The essence of that pattern of trade specialization, also called international division of labor, consisted of Britain supplying its satellites of trading partners with manufactured products in exchange for their minerals and raw material products. Proponents of transition to free trade and economic liberalism argued that, once having achieved economic superiority, England’s continued support of protectionist policies of mercantilism could actually undermine its economic leadership, as such policies provided other countries the opportunity to achieve what England had accomplished as a result of pursuing those policies for two centuries.
Proponents of transition to free trade and economic liberalism argued that, once having achieved economic superiority, England’s continued support of protectionist policies of mercantilism could actually undermine its economic leadership, as such policies provided other countries the opportunity to achieve what England had accomplished as a result of pursuing those policies for two centuries. On the other hand, if England switched its trade policies from mercantilism to free trade and, more importantly, prevailed in having its trading partners adopt such policies, it could thereby deter them from nurturing their own industrial independence, that is, from adopting protectionist polices vis-àvis superior British industries.
The rise of fascism and the outbreak of World War II further heightened the need for government intervention in national economic affairs. Predictably, these developments created anxiety among the ruling elites of the capitalist West as they tended to undermine the credibility and viability of market mechanism. Although the United States was not directly involved in the war until late 1941, its policy makers were nonetheless alarmed by Hitler’s swift occupation of continental Europe and the prospects of his forces cutting off the United States from its international markets.