The essence of the liberal 19th century free trade policies of Adam Smith and David Ricardo, which led to the abolition of the protective Corn Laws in England after 1846, and which opened the flood gates to ruinous cheap grain imports, led as noted earlier, to the predictable impoverishment of the greater majority of British citizens, and to the concentration of the wealth of the society into the hands of a small minority, the so-called “upper classes.”
Engdahl is contradicting himself. On one hand, he supports being protectionist. Other hand he spins conspiracy theories around countries when they’re indeed globalising.
