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Tag Archives: The Economist’s Shameful Defence of Free Trade and Laissez Faire

The Economist’s Shameful Defence of Free Trade and Laissez Faire

It’s been going on for about 170 years. Here is an example from the Economist of 28 March, 1874 – in the midst of the Bihar famine of 1873–1874 – defending the de-industrialisation of India caused by the imposition of free trade on India in British textile exports, even when that industry in Britain had been built up by decades of state protectionism:“A charge is often made against the English Government that it has injured the Indian population by destroying the native manufactures and...

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