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    Chris Trottier (atomicpoet@mastodon.social)'s status on Sunday, 16-Apr-2023 15:31:42 JSTChris TrottierChris Trottier
    in reply to
    • Diane 🕵
    • Charlie Stross
    • Lazarou Monkey Terror 🚀💙🌈

    @alienghic @cstross @Lazarou What you're referring to is mercantilism, and it was definitely a motivating factor in colonialism and well as the creation of capitalism. https://en.wikipedia.org/wiki/Mercantilism

    In conversationSunday, 16-Apr-2023 15:31:42 JST from mastodon.socialpermalink

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      Mercantilism
      Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, colonialism, tariffs and subsidies on traded goods to achieve that goal. The policy aims to reduce a possible current account deficit or reach a current account surplus, and it includes measures aimed at accumulating monetary reserves by a positive balance of trade, especially of finished goods...
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