94 Trade Quotes

Money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth this is the most unnatural.

Experience has shown that the trade of the East is the key to national wealth and influence.

When America was first made known to Europe, the part assumed by France on the borders of that new world was peculiar, and is little recognized. While the Spaniard roamed sea and land, burning for achievement, red-hot with bigotry and avarice, and while England, with soberer steps and a less dazzling result, followed in the path of discovery and gold-hunting, it was from France that those barbarous shores first learned to serve the ends of peaceful commercial industry.

The case for trade is not just monetary, but moral. Economic freedom creates habits of liberty. And habits of liberty create expectations of democracy.

It's very important for folks to understand that when there's more trade, there's more commerce.

Harmony, liberal intercourse with all nations, are recommended by policy, humanity, and interest.

Money is indispensable to a long-circuit heavy load energy system. It must be used when a sufficient surplus is being produced to allow a margin for exchange, and cost of transport, over a considerable distance. Money represents a storage battery when idle, and a generalized mode of the conversion of energy when it is in motion, with a function of equating time and space.

Other powers will continue to enjoy an equal right to trade in and develop the natural resources of the occupied territory, for the economic development of which the investment of foreign capital is very desirable.

What would the people who sold us goods do with the money? They'd get dollars. What would they do with the dollars? Eat them?!

China is the center of the Asian energy security grid, which includes the Central Asian states and Russia. India is also hovering around the edge, South Korea is involved, and Iran is an associate member of some kind. If the Middle East oil resources around the Gulf, which are the main ones in the world, if they link up to the Asian grid, the United States is really a second-rate power. A lot is at stake in not withdrawing from Iraq.

I rise to oppose the Central American Free Trade Agreement, known as CAFTA, the latest expression of the disastrous trade policies of this administration which are, unfortunately, a continuation of the disastrous trade policies of previous administrations.

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains.

But man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favour, and shew them that it is for their own advantage to do for him what he requires of them. Whoever offers to another a bargain of any kind, proposes to do this. Give me that which I want, and you shall have this which you want, is the meaning of every such offer; and it is in this manner that we obtain from one another the far greater part of those good offices which we stand in need of. It is not from the benevolence of the butcher the brewer, or the baker that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity, but to their self-love, and never talk to them of our own necessities, but of their advantages.

The retinue of a grandee in China or Indostan [sic] accordingly is, by all accounts, much more numerous and splendid than that of the richest subjects in Europe: in manufacturing art and industry, China and Indostan, though inferior, seem not to be much inferior to any part of Europe. The money price of the greater part of manufactures, therefore, will naturally be much lower in those great empires than it is any-where in Europe.

The great rule of conduct for us, in regard to foreign nations, is, in extending our commercial relations, to have with them as little political connexion as possible. So far as we have already formed engagements, let them be fulfilled with perfect good faith. Here let us stop.

Today, America has become one of the most powerful forces for good on earth. We must keep it so. We have achieved a world leadership which does not depend solely upon our military and naval might. We have learned to fight with other nations in common defense of our freedom. We must now learn to live with other nations for our mutual good. We must learn to trade more with other nations so that there may be - for our mutual advantage - increased production, increased employment and better standards of living throughout the world. May we Americans all live up to our glorious heritage. In that way, America may well lead the world to peace and prosperity.

Complete free trade is not politically feasible. Why? Because it's only in the general interest and in no one's special interest. The benefits of a tariff are visible. [Union workers] can see they are 'protected'. The harm which a tariff does is invisible. It's spread widely. There are people that don't have jobs because of tariffs but they don't know it.

One can see the results of those policies in hundreds of communities around my State. As one might expect, our largest communities--places like Milwaukee, Madison, and Green Bay--lost thousands of jobs as a result of those trade policies, most notably NAFTA and permanent most-favored-nation status for China.

Young man, there is America - which at this day serves for little more than to amuse you with stories of savage men and uncouth manners; yet shall, before you taste of death, show itself equal to the whole of that commerce which now attracts the envy of the world.

When we speak of the commerce with our colonies, fiction lags after truth, invention is unfruitful, and imagination cold and barren.

Might the simple maxim, that honesty is the best policy be laid to heart! Might a sense of the true aims of life elevate the tone of politics and trade, till public and private honor become identical!

But what all the violence of the feudal institutions could never have effected, the silent and insensible operation of foreign commerce and manufactures gradually brought about. These gradually furnished the great proprietors with something for which they could exchange the whole surplus produce of their lands, and which they could consume themselves without sharing it either with tenants or retainers. All for ourselves and nothing for other people seems, in every age of the world, to have been the vile maxim of the masters of mankind. As soon, therefore, as they could find a method of consuming the whole value of their rents themselves, they had no disposition to share them with any other persons. For a pair of diamond buckles perhaps, or for something as frivolous and useless, they exchanged the maintenance, or what is the same thing, the price of the maintenance of a thousand men for a year, and with it the whole weight and authority which it could give them.

If an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can only gain at the expense of another

I would immediately call the president of Mexico, the president of Canada, to try to amend NAFTA, because I think that we can get labor agreements in that agreement right now.

The manufacturer does not produce shoes because he knows that Jones needs them. He produces because he knows that dozens of traders will buy certain numbers at various prices because they (or rather the retailer they serve) know that thousands of Joneses, whom the manufacturer does not know, want to buy them.

Some have tried to pose a choice between American ideals and American interests - between who we are and how we act. But the choice is false. America, by decision and destiny, promotes political freedom - and gains the most when democracy advances. America believes in free markets and free trade - and benefits most when markets are opened. America is a peaceful power - and gains the greatest dividend from democratic stability. Precisely because we have no territorial objectives, our gains are not measured in the losses of others. They are counted in the conflicts we avert, the prosperity we share and the peace we extend.

We make no hypocritical pretense of being interested in the Philippines solely on account of others. While we regard the welfare of these people as a sacred trust, we regard the welfare of the American people first. We see our duty to ourselves as well as to others. We believe in trade expansion. By every legitimate means within the province of government and constitution we mean to stimulate the expansion of our trade and open new markets.

I hear America sometimes playfully accused of sending you all your storms, and am in the habit of parrying the charge by alleging that we are enabled to do this because, in virtue of our protective system, we can afford to make better bad weather than anybody else. And what wiser use could we make of it than to export it in return for the paupers which some European countries are good enough to send over to us who have not attained to the same skill in the manufacture of them?

Business - the world's work - is the sale of lies: Not goods, but trade-marks; and still more and more In every branch becomes the sale of money.

The old cliche about having all your eggs in one basket takes on new meaning with Canada and the United States, because there is something even more wrong about having all your eggs in someone else's basket. It is worse still if that country is much larger than you and worst of all if they don't have all their eggs in your basket. This is not a relationship. It is a dependency. Canada's survival will depend largely on its ability to change that dependency back into a relationship. And one of the key factors in doing that will be the redistribution of our trade. But we can't do that if we have no politicians willing to take the lead.

Here is a shop of wonderment. From every land has come a prize; Rich spices from the Orient, And fruit that knew Italian skies, And figs that ripened by the sea In Smyrna, nuts from hot Brazil, Strange pungent meats from Germany, And currants from a Grecian hill.

Is that to say we are against Free Trade? No, we are for Free Trade, because by Free Trade all economical laws, with their most astounding contradictions, will act upon a larger scale, upon the territory of the whole earth; and because from the uniting of all these contradictions in a single group, where they will stand face to face, will result the struggle which will itself eventuate in the emancipation of the proletariat.

The world economy is not yet a community--not even an economic community...Yet the existence of the 'global shopping center' is a fact that cannot be undone. The vision of an economy for all will not be forgotten again. -- The Age of Discontinuity (1969)

Unlike members of Congress, Big Business knew what the WTO agreements contained. That's because corporate lobbyists helped draft them.

I strongly disagree with the President's characterization today of NAFTA as a 'success', and with his call on Congress to pass CAFTA this year. These comments are out of touch with American businesses and workers who have been forced to compete on an uneven playing field for years under bad deals like NAFTA.

I voted against NAFTA, GATT, and Permanent Most Favored Nation status for China, in great part because I felt they were bad deals for Wisconsin businesses and Wisconsin workers. At the time I voted against those agreements, I thought they would result in lost jobs for my state. But, Mr. President, even as an opponent of those trade agreements, I had no idea just how bad things would be.

This trade agreement fails on every count. I urge my colleagues to scrap it and tell the administration to come back with a deal that is fair to American businesses, workers and farmers, as well as the small businesses, workers and farmers of our trading partners.

Ambassador Zhou Wenzhong, welcome! Your great country [of China] makes our Happy Meals possible!

Normally its narrow streets were crowded with stalls, and people from all over the Carpet. They'd all be trying to cheat one another in that open-and-above-board way known as 'doing business'.

But it will be asked, are we to have no banks? Are merchants and others to be deprived of the resource of short accommodations, found so convenient? I answer, let us have banks; but let them be such as are alone to be found in any country on earth, except Great Britain. There is not a bank of discount on the continent of Europe (at least there was not one when I was there) which offers anything but cash in exchange for discounted bills.

Our people... will give you all the necessaries of war they produce, if, instead of the bankrupt trash they now are obliged to receive for want of any other, you will give them a paper promise funded on a specific pledge, and of a size for common circulation.

Put down all banks, admit none but a metallic circulation that will take its proper level with the like circulation in other countries, and then our manufacturers may work in fair competition with those of other countries, and the import duties which the government may lay for the purposes of revenue will so far place them above equal competition.

The only means which have been placed in my power of 'raising the wages of colliers' has been by endeavouring to beat down all those restrictions upon trade which tend to reduce the price to be obtained for the product of their labour, & to lower as much as may be the taxes on the commodities which they may require for use or for consumption. Beyond this I look to the forethought not yet so widely diffused in this country as in Scotland, & in some foreign lands; & I need not remind you that in order to facilitate its exercise the Government have been empowered by Legislation to become through the Dept. of the P.O. the receivers & guardians of savings.

The reason why the foreign producer gets his produce to market cheaper, relatively, is this-that foreign produce is collected and brought in such large quantities and is sent in great masses to the market. That is the secret of cheap carriage...We must try to make our pounds of produce into tons-or must bring together a number of producers. If you small agriculturists can collectively offer a great bulk of merchandise to the railway companies, they will give you good terms.

'It's my life for their life so call it a free trade'

'NAFTA comin' with the new disaster'

'(to a diamond dealer) I got some stones I wanna get rid of. I whacked a fucker out last night and I need to get rid of these stones.'(from 'Diamond Dealer')

I should say that when people talk about capitalism it's a bit of a joke. There's no such thing. No country, no business class, has ever been willing to subject itself to the free market, free market discipline. Free markets are for others. Like, the Third World is the Third World because they had free markets rammed down their throat. Meanwhile, the enlightened states, England, the United States, others, resorted to massive state intervention to protect private power, and still do. That's right up to the present. I mean, the Reagan administration for example was the most protectionist in post-war American history. Virtually the entire dynamic economy in the United States is based crucially on state initiative and intervention: computers, the internet, telecommunication, automation, pharmaceutical, you just name it. Run through it, and you find massive ripoffs of the public, meaning, a system in which under one guise or another the public pays the costs and takes the risks, and profit is privatized. That's very remote from a free market. Free market is like what India had to suffer for a couple hundred years, and most of the rest of the Third World.

If the resources of different nations are treated as exclusive properties of these nations as wholes, if international economic relations, instead of being relations between individuals, become increasingly relations between whole nations organized as trading bodies, they inevitably become the source of friction and envy between whole nations. It is one of the most fatal illusions that, by substituting negotiations between states or organized groups for competition for markets or for raw materials, international friction would be reduced. This would merely put a contest of force in the place of what can only metaphorically be called the 'struggle' of competition and would transfer to powerful and armed states, subject to no superior law, the rivalries which between individuals had to be decided without recourse to force. Economic transactions between national bodies who are at the same time the supreme judges of their own behavior, who bow to no superior law, and whose representatives cannot be bound by any considerations but the immediate interest of their respective nations, must end in clashes of power.

If I was a locksmith I'd be fuckin' pimpin' that shit out.'Say, what's goin' on, man? Tell you what. I'll trade you a free key duplication(laughs).' That joke made me laugh before I could finish it. Which is good 'cuz there's no ending

As the most powerful state, the U.S. makes its own laws, using force and conducting economic warfare at will. It also threatens sanctions against countries that do not abide by its conveniently flexible notions of 'free trade.' In one important case, Washington has employed such threats with great effectiveness (and GATT approval) to force open Asian markets for U.S. tobacco exports and advertising, aimed primarily at the growing markets of women and children. The U.S. Agriculture Department has provided grants to tobacco firms to promote smoking overseas. Asian countries have attempted to conduct educational anti-smoking campaigns, but they are overwhelmed by the miracles of the market, reinforced by U.S. state power through the sanctions threat. Philip Morris, with an advertising and promotion budget of close to $9 billion in 1992, became China's largest advertiser. The effect of Reaganite sanction threats was to increase advertising and promotion of cigarette smoking (particularly U.S. brands) quite sharply in Japan, Taiwan, and South Korea, along with the use of these lethal substances. In South Korea, for example, the rate of growth in smoking more than tripled when markets for U.S. lethal drugs were opened in 1988. The Bush Administration extended the threats to Thailand, at exactly the same time that the 'war on drugs' was declared; the media were kind enough to overlook the coincidence, even suppressing the outraged denunciations by the very conservative Surgeon-General. Oxford University epidemiologist Richard Peto estimates that among Chinese children under 20 today, 50 million will die of cigarette-related diseases, an achievement that ranks high even by 20th century standards.

...the Democrats know that no matter how many GATTs, NAFTAs, empty OSHAs, and other betrayals...they heap on those labor leaders, they can be had because, once again, the Republicans are deemed worse.

Trade is the natural enemy of all violent passions. Trade loves moderation, delights in compromise, and is most careful to avoid anger. It is patient, supple, and insinuating, only resorting to extreme measures in cases of absolute necessity. Trade makes men independent of one another and gives them a high idea of their personal importance: it leads them to want to manage their own affairs and teaches them to succeed therein. Hence it makes them inclined to liberty but disinclined to revolution.

We are accused of all sorts of terrible things, of us wanting to undermine your market, of dumping and so forth. There was no such talk before, but when you had your recession, there were people who wanted to put the whole blame on the Russians. All these fables of us being such terrible devils are not well founded. We want to trade in earnest and well.

Free trade is not a principle; it is an expedient.

When there are such lands there should be profitable things without number.

Could you exchange this lucky charm for a baby's feeding-bottle?

The most barbarous fact in all christendom is the labor market. The mere term sufficiently expresses the animalism of commercial civilization. They who buy and they who sell in the labor market are alike dehumanized by the inhuman traffic in the brains and blood and bones of human beings.

Say ye unto the Khwarezmians that I am the sovereign of the sunrise, and [he is] the sovereign of the sunset. Let there be between us a firm treaty of friendship, amity, and peace, and let traders and caravans on both sides come and go.

Far from New England's blustering shore, New England's worm her hulk shall bore, And sink her in the Indian seas, Twine, wine, and hides, and China teas.

With respect to a true culture and manhood, we are essentially provincial still, not metropolitan, - mere Jonathans. We are provincial, because we do not find at home our standards, - because we do not worship truth, but the reflection of truth, - because we are warped and narrowed by an exclusive devotion to trade and commerce and manufactures and agriculture and the like, which are but means, and not the end.

[Social legislation] raised the cost of production; and what can be more illogical than to raise the cost of production in the country and then to allow the products of other countries which are not surrounded by any similar legislation, which are free from any similar cost and expenditure-freely to enter our country in competition with our own goods...If these foreign goods come in cheaper, one of two things must follow...either you will take lower wages or you will lose your work.

London is the clearing-house of the world.

Wherever wood can swim, there I am sure to find this flag of England.

Free trade favors all classes, excites all imaginations, and rouses the whole population; it is identical with equality, and tends naturally to independence.

A great measure of world poverty today and African poverty in particular is due to the continuing dependence on foreign markets for manufactured goods, which undermines domestic production and dams up domestic skills, apart from piling up unmanageable foreign debts. Gandhi's insistence on self-sufficiency is a basic economic principle that, if followed today, could contribute significantly to alleviating Third World poverty and stimulating development.

By the year 2000 we should be able to say that we have learned to live securely, in peace and mutual prosperity among our Asian and Pacific neighbours. We will not be cut off from our British and European cultures and traditions or from those economies. On the contrary, the more engaged we are economically and politically with the region around us, the more value and relevance we bring to those old relationships. Far from putting our identity at risk, our relationships with the region will energise it.

Giuliani is pro-trade. Paul is an isolationist.

A harbor, even if it is a little harbor, is a good thing, since adventurers come into it as well as go out, and the life in it grows strong, because it takes something from the world, and has something to give in return.

As I saw that they were very friendly to us, and perceived that they could be much more easily converted to our holy faith by gentle means than by force, I presented them with some red caps, and strings of beads to wear upon the neck, and many other trifles of small value, wherewith they were much delighted, and became wonderfully attached to us. Afterwards they came swimming to the boats, bringing parrots, balls of cotton thread, javelins, and many other things which they exchanged for articles we gave them, such as glass beads, and hawk's bells; which trade was carried on with the utmost good will. But they seemed on the whole to me, to be a very poor people. They all go completely naked, even the women, though I saw but one girl. All whom I saw were young, not above thirty years of age, well made, with fine shapes and faces; their hair short, and coarse like that of a horse's tail, combed toward the forehead, except a small portion which they suffer to hang down behind, and never cut. Some paint themselves with black, which makes them appear like those of the Canaries, neither black nor white; others with white, others with red, and others with such colors as they can find. Some paint the face, and some the whole body; others only the eyes, and others the nose. Weapons they have none, nor are acquainted with them, for I showed them swords which they grasped by the blades, and cut themselves through ignorance. They have no iron, their javelins being without it, and nothing more than sticks, though some have fish-bones or other things at the ends. They are all of a good size and stature, and handsomely formed. I saw some with scars of wounds upon their bodies, and demanded by signs the of them; they answered me in the same way, that there came people from the other islands in the neighborhood who endeavored to make prisoners of them, and they defended themselves. I thought then, and still believe, that these were from the continent. It appears to me, that the people are ingenious, and would be good servants and I am of opinion that they would very readily become Christians, as they appear to have no religion. They very quickly learn such words as are spoken to them. If it please our Lord, I intend at my return to carry home six of them to your Highnesses, that they may learn our language. I saw no beasts in the island, nor any sort of animals except parrots.

You are suffering from the unrestricted imports of cheaper goods. You are suffering also from the unrestricted immigration of the people who make these goods...The evils of this immigration have increased during recent years. And behind those people who have already reached these shores, remember there are millions of the same kind who, under easily conceivable circumstances, might follow in their track, and might invade this country in a way and to an extent of which few people have at present any conception...But the party of free importers is against any reform. How could they be otherwise? They are perfectly consistent. If sweated goods are to be allowed in this country without restriction, why not the people who make them? Where is the difference? There is no difference either in the principle or in the results. It all comes to the same thing - less labour for the British working man.

The English... are a nation of shopkeepers

Un jour viendra ou il n'y aura plus d'autres champs de bataille que les marches s'ouvrant au commerce et les esprits s'ouvrant aux idees. Un jour viendra ou les boulets et les bombes seront remplaces par les votes, par le suffrage universel des peuples, par le venerable arbitrage d'un grand senat souverain qui sera a l'Europe ce que le parlement est a l'Angleterre, ce que la diete est a l'Allemagne, ce que l'assemblee legislative est a la France! Un jour viendra ou l'on montrera un canon dans les musees comme on y montre aujourd'hui un instrument de torture, en s'etonnant que cela ait pu etre! Un jour viendra ou l'on verra ces deux groupes immenses, les Etats-Unis d'Amerique, les Etats-Unis d'Europe, places en face l'un de l'autre, se tendant la main par-dessus les mers, echangeant leurs produits, leur commerce, leur industrie, leurs arts, leurs genies, defrichant le globe, colonisant les deserts, ameliorant la creation sous le regard du createur, et combinant ensemble, pour en tirer le bien-etre de tous, ces deux forces infinies, la fraternite des hommes et la puissance de Dieu!

It cannot be denied that a state of great national prosperity is quite consistent and compatible with legislation in favour of the protection of native industry. That proposition, years ago, was denied; but with the experience we have had of France and the United States of America-the two most flourishing communities probably in existence-it is now incontestable. Well, my lords, many years ago-nearly 40-this country, which no one can say for a moment did not flourish with the old system of protection, deemed it necessary to revise the principles upon which its commerce was conducted...The scheme that was adopted was this-that we were to fight hostile tariffs with free imports. I was among those who looked upon that policy with fear. I believed it to be one very perilous. ...reciprocity is barter. I always understood that barter was the last effort of civilization that it was exactly that state of human exchange that separated civilization from savagery; and if reciprocity is only barter, I fear that would hardly help us out of our difficulty. My noble friend read some extracts from the speeches of those who had the misfortune to be in Parliament at that time, and he honoured me by reading an extract from the speech I then made in the other House of Parliament. That was a speech in favour of reciprocity, and indicated the means by which reciprocity could be obtained. That is to say-I do not want to enter into the discussion whether the principle was right or wrong, but it was acknowledged in public life, favoured and pursued by many statesmen who conceived that by the negotiation of a treaty of commerce, by reciprocal exchange and the lowering of duties, the products of the two negotiating countries would find a freer access and consumption in the two countries than they formerly possessed. But when he taunts me with his quotation of some musty phrases of mine 40 years ago, I must remind him that we had elements then on which treaties of reciprocity could be negotiated. At that time, although the great changes of Sir Robert Peel had taken place, there were 168 articles in the tariff which were materials by which you could have negotiated, if that was a wise and desirable policy, commercial treaties of reciprocity. What is the number you now have in the tariff? Twenty-two. Those who talk of negotiating treaties of reciprocity...have they the materials for negotiating treaties of reciprocity? You have lost the opportunity. I do not want to enter into the argument at the present moment; but England cannot pursue that policy.