Apr 20, 2025

Murray Rothbard on how foreign aid subsidizes exports

Another crucial feature of post-World War II establishment trade policy in the name of "free trade" is to push heavy subsidies of exports.  A favorite method of subsidy has been the much beloved system of foreign aid, which, under the cover of "reconstructing Europe," "stopping Communism," or "spreading democracy," is a racket by which the American taxpayers are forced to subsidize American export firms and industries as well as foreign governments who go along with this system.  Nafta represents a continuation of this system by enlisting the U.S. government and American taxpayers in this cause.

~ Murray Rothbard, "The Nafta Myth"

(Article appeared in Making Economic Sense, p. 308.)



No comments: