Friedrich List

They don't mention Henry Carey.

They don't mention Friedrich List.

These are all economists whose work should be researched and explored, but is not because they've been simply pushed down a memory hole.

And I have to credit here the LaRouche organization, the people who have worked together with late Lyndon LaRouche, who deserves the most credit for rescuing this knowledge for us.

And Jacques Cheminade was a very close collaborator of, uh, Lyndon LaRouche.

What, what, what they basically dug up was the knowledge about economic governance, uh, s- going back to economists like Friedrich List, through Ale- to back to Alexander Hamilton, uh, Henry Carey.

Uh, it was, it was the model that turned the United States from a patchwork of disjointed British colonies, uh, into a superpower that the United States became, uh, at the end of the 19th century already.

But then, you know, again, at the beginning of the 20th century, we had the infiltration by the, by the British Empire.

Yes, exactly.

It, it's quite extraordinary because that's not what economic liberalism used to mean.

And, uh, as you said, the, um, yeah, the industrial capitalist or economic nationalist, uh, the Alexander Hamiltons and Friedri- Friedrich Lists, you know, they would refer to s- some of the excesses of free trade as free trade imperialism.

And the, the antidote was, uh, a century of the American system, which meant, uh, you know, these three pillars.

You know, like Prussia was arguably the most re- quote, "reactionary state" that existed in the modern era, and they were remarkably capitalist.

I mean, they were, they were abiding, you know, the, they were abiding the, the economic victims of people like Friedrich List.

You know, um, obviously, you know, um, they had the correct paradigm of, you know, commercial interest being subjugated to, to national interest at all times.

But this idea that like well, you know, if you have, you know, if you have like a basically kind of like, you know, martial caste or if you have, you know, a, a, basically a reactionary conservative, um, elite, you know, that they-- it's, it's, it's literally impossible for them to, you know, transition a, uh, a, a medieval economy into a, a modern market-- a modern value-added economy with, you know, where, where, um, revenues are reinvested in productive capital, like that's bullshit.

But let me go a little deeper.

I mean, basically, I'm a big fan of Friedrich List, who was a German-American economist.

He campaigned for Andrew Jackson, actually, in the 40s or 30s, in the 30s, 1830s, of course.

And then he went bankrupt.

back to Germany, helped them build their first railroad.

A fascinating figure.

But Friedrich List said it's not free trade, so he drew upon Alexander Hamilton.

It's not free trade, it's the factors of production.

It became that way after FDR.

So the Federal Reserve System that everyone and every stupid libertarian has been trained to hate worked an awful lot like how one Frederick List imagined such an institution working.

It's not supposed to be monolithic.

It was supposed to be decentralized and offer decentralized interest rates.

But yeah, Henry Kerry.

And Friedrich List.

Tell us a little bit about these two thinkers.

One of them, correct me if I'm wrong, Friedrich List, kind of somewhat of a contemporary of Marx, a little bit, a little bit after.

But he's in that kind of time period.

Whereas Carey also, but Carey's like, you know, directly trying to advise Lincoln.

He's connecting all these dots together with people and centralizing them in his sort of Philadelphian think tank institutions.

And thus we get to sort of the late 1810s into the 1820s.

So Germany adopted protectionism as well.

And one of the economists, which I actually grouped with the school, is this economist here, Friedrich List.

Friedrich List, yeah.

Yeah.

Yeah.