The Policy of Self Help (Classic Reprint): Suggestions Towards the Consolidation of the Empire and the Defence of Its Industries and Commerce; Two Letters - Couverture souple

Ecroyd, W. Farrer

 
9781334472237: The Policy of Self Help (Classic Reprint): Suggestions Towards the Consolidation of the Empire and the Defence of Its Industries and Commerce; Two Letters

Synopsis

This book focuses on the significant issues faced by the British Empire and proposes a shift in policy to ensure its continued prosperity. The author argues that the traditional approach of free trade has led to increased dependence on other nations, particularly the United States, for essential resources like food. This dependence has made Britain vulnerable to the vagaries of foreign tariffs and protectionist policies, resulting in economic hardship for its people. The book proposes a return to a policy of selective protectionism, specifically through the imposition of import duties on food products, to stimulate domestic agriculture and reduce reliance on foreign imports. This strategy aims to not only strengthen the British economy but also foster closer ties with its colonies, creating a self-sufficient and prosperous British Empire. The book delves into the historical context of free trade and protectionism, examining the impact of these policies on various sectors of the British economy. It also explores the potential social and economic consequences of the proposed policy shift, including its effects on food prices, employment, and the relationship between Britain and its colonies. Ultimately, the book argues that a bold but necessary change in trade policy is essential for Britain to maintain its global position, secure the well-being of its citizens, and build a sustainable future for the British Empire.

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