Pirates As Market Heroes   Leave a comment

Image result for image of pirates as free merchantsAs the government’s mercantilist policies restricted and diverted manufacturing, commerce, and trade into directions that opposed the desires of individuals, another market began to develop. This black market of smuggling was incentivized by mercantilism’s failures to get around the government’s economic controls.

The liberal economists of the nineteenth century understood that misplaced, distorted, and restrictive regulations suppressed more open trade within and between nations and warned that these policies would necessarily create corrective reaction in the form of black marketeers who went over, under and around the commands of the state. Explained Jerome-Adolph Blanqui:

“It is in the nature of bad institutions never to be respected, and to give birth to protests that end in bringing about reform; smuggling was to the exclusive system [mercantilism] the constant and the most expressive of these protests …

“It is as exact in its deliveries as the most scrupulous merchant; it braves the seasons and defies the best-guarded lines of customhouses, to such a degree that assurance companies, which protect it, count upon fewer losses than any other.

“Smuggling is, in fact, the only means that remains to the various industries to procure for themselves the prohibited products whose use is indispensable for them …

“It is owing to smuggling that commerce did not perish under the {Mercantilist] regime … While savants discuss and commerce entreats, contrabandage acts and decides on the frontier; it presents itself with the irresistible power of actual facts, and freedom of trade has never won a victory for which smuggling has not prepared the way.”  Jerome-Adolph Blanqui

The black marketeer was considered an important element of moving the economic system in the direction of free market reform.

The smuggler is a radical and judicious reformer. The smuggler is essential to the well being of the whole nation. All external commerce depends on him.

[However] I am far from thinking that the direct effect of his [the smuggler’s] exertions in giving us a free trade in those commodities which, from their bulk and value, fall within his province, are any compensation for the crime, misery and the public expense [of the mercantilist system].” Nassau Senior, Three Lectures on the Transmission of the Precious Metals from Country to Country, and the Mercantile Theory of Wealth (1828)

In the last decades of the 18th century, arguments questioned the mercantilist conception of society and the economy. Leading centers of change in France and Scotland put forth ideas that undermined the rationales for government regulation and control of economic activities in society. What arose in counterbalance was a vision of a free society based on individual liberty, free trade, and market-based and -directed prosperity.

Although I haven’t gotten to pirates yet in the Daermad Cycle, they will play a role later in the series. Might as well get started reading the series so you’re prepared.

Advertisements

Posted November 3, 2016 by aurorawatcherak in History

Tagged with , , , , ,

What's Your Opinion?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Leo X. Robertson

News of my latest publications, events, and episodes of the Losing the Plot podcast!

Sherry Parnell

Author of "Let the Willows Weep"

Emerald Book Reviews

Book Reviews and Promotion Services

YA Chit Chat

The Ponderings of YA author J. Keller Ford

madchen863's Blog

Planet Earth: home of life

MIND MIX RADIO

Radio for the Awake and Aware

SHAKERS & MOVERS

Soweto isiPantsula Crew + Management

RedheadedBooklover

Just a redheaded woman who is obsessed with books

Mercedes Prunty Author

The Walking Mumbie

InsureZero Blog

All you need to know about Insurance

Creative Ideas for Starving Artists

Brain juice that revives and refreshes

Real Science

"Science is the belief in the ignorance of the experts" - Richard Feynman

Marsha Ingrao

Traveling & Blogging Near and Far

Victoria (V.E.) Schwab

"You can't get a cup of tea big enough or a book long enough to suit me." ~C.S. Lewis

Darlene Foster's Blog

dreamer of dreams, teller of tales

All About Writing and more

Advice, challenges, poetry and prose

Tapestry ~ Treasures

My life is but a weaving between the Lord and me!

Sue Vincent's Daily Echo

Echoes of Life, Love and Laughter

S.R. Mallery's AND HISTORY FOR ALL

Everything Historical And Much More...

%d bloggers like this: