Edmund Burke Quotes
Our object is wholly new in the world. It is singular: it is grown up to this magnitude and importance within the memory of man; nothing in history is parallel to it… In this new system, a principle of commerce, of artificial commerce, must prevail.
The industrial revolution was also creating an entirely new form and structure for international economics.
Edmund Burke, 1729-1797, Irish Orator & Member of the British Parliament 1763
Sourced by: Eigen's Political and Historical Quotations
Foreign trade creates jobs and eliminates jobs. The people who lost jobs as the result of increased foreign trade are readily identified while the job beneficiaries may never know the reason. So it is a hard political sell even though most of the economic studies have showed that more jobs of more value are created by trade than lost. However, the losers are generally blue collar workers while the beneficiaries are generally white collar and knowledge workers. So there is a socioeconomic class differentiation in the trade issue.
There were many Americans and Mexicans who believed that the conquest of all of Mexico was well under way, our having earlier obtained Texas, New Mexico, Colorado, California, and Arizona.
1st Earl Lloyd-George of Dwyfor
This is one of the first recorded recognitions of globalization as an economic force.
Edmund Burke was an Irish statesman, economist, and philosopher. Born in Dublin, Burke served as a member of parliament (MP) between 1766 and 1794 in the House of Commons of Great Britain with the Whig Party after moving to London in 1750.
