The Economy That Britain Stole
On America’s 250th Independence anniversary, Susan Kokinda argues that this moment is more profound because Donald Trump and his administration are reviving the “American System” of political economy—tariffs to promote domestic industry, manufacturing, and internal improvements—after it was suppressed following President William McKinley’s assassination in 1901.
She contrasts the American System with the “British System,” citing Henry Carey’s warning of two opposing systems, and says the nation’s economic heritage was replaced by free trade, consumerism, and institutions like the Federal Reserve.
Kokinda connects the Declaration’s appeal to the Laws of Nature and Nature’s God to economics, quoting Lyndon LaRouche on a state shaping a nation’s relationship to the physical universe. She highlights speeches by Jamieson Greer and Scott Bessent on production over consumption, and J.D. Vance’s call for a Hamiltonian approach grounded in human dignity, linking it to the Declaration’s “pursuit of happiness” over “property.” Here’s more from Promethean Updates.
