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The more democratic the world’s societies are, the more idiosyncratic they will be, and the more their economic rules will diverge. But that is exactly what businesses cannot tolerate — at least not under globalization. Money and goods must be able to move frictionlessly and efficiently across borders. This requires a uniform set of laws. Somehow, democracy is going to have to give way.
~ Christopher Caldwell

via This Maverick Thinker Is the Karl Marx of Our Time
published by The New York Times on November 28, 2024

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By 1985, the threat of highly restrictive legislation became acute. In July, Ways and Means Chairman Dan Rostenkowski, future Senate Finance Chairman and vice presidential candidate Lloyd Bentsen, and future House Majority Leader and presidential candidate Richard Gephardt introduced legislation imposing a 25 percent surcharge on imports from any country that maintained both a large bilateral trade surplus with the United States and unfair barriers to imports, with mandated reductions in the bilateral deficit.
~ Michael Starr via American Affairs

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