Morals of Economic InternationalismHobson, J. A. (John Atkinson)
Philosophy
Morals of Economic Internationalism
Hobson, J. A. (John Atkinson)
International cooperation; Reconstruction (1914-1939)
International morality is impaired, however, not only by this feeble
sense of mutual obligation, but by the still more injurious assumption
of conflicting interests between nations. Nations are represented not
merely as self-centered, independent moral systems, but as, in some
degree, mutually repellent systems. This notion is partly the product
of the false patriotic teaching of our schools and press, which seek to
feed our sense of national unity more upon exclusive than inclusive
sentiments. Nations are represented as rivals and competitors in some
struggle for power, or greatness, or prestige, instead of as
cooeperators in the general advance of civilization. This presumption
of opposing interests is, of course, more strongly marked in the
presentation of commercial relations than in any other. Putting the
issue roughly, but with substantial truth, the generally accepted image
of international trade is one in which a number of trading communities,
as, for instance, the United States, Britain, Germany, France, Japan,
etc., are engaged in striving, each to win for itself, and at the
expense of the others, the largest possible share of a strictly limited
objective--the world market.
Now there are three fatal flaws in this image. First comes the false
presentation of the United States, Britain, Germany, and other
political beings in the capacity of trading firms. So far as world or
international trade is rightly presented as a competitive process, that
competition takes place, not between America, Britain, Germany, but
between a number of separate American, British, German firms. The
immediate interests of these firms are not directed along political
lines. Generally speaking, the closer rivalry is between firms
belonging to the same nation and conducting their business upon closely
similar conditions. One Lancashire cotton exporter competes much more
closely with other Lancashire exporters than he does with German,
American, or Japanese exporters of similar goods. So it is everywhere,
save in the exceptional times and circumstances in which governments
themselves take over the regulation and conduct of foreign trade.
For certain purposes it is, no doubt, convenient to have balances and
analyses of foreign trade presented separately, so as to show the
volumes and values of different goods which pass from the members of
one nation to those of another. But the imputation of political
significance to these statistics, taken either in aggregate or in
relation to separate countries, as if they were themselves indices of
public gain or public loss, has most injurious reactions upon the
intelligent understanding of commerce.
Public-domain text, read in full here on John Shaqi.
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