In November 1998, Pat Buchanan addressed the Chicago Council on Foreign Relations, blasting the internationalists for their religious support of free
trade. Buchanan’s moving words are as meaningful and relevant today as they were then.
By Patrick J. Buchanan
This is a prestigious forum; and I appreciate the opportunity to address it. As my subject, I have chosen what I believe is the coming and
irrepressible conflict between the claims of a new American nationalism and the commands of the global economy.
As you may have heard in my last campaign, I am called by many names. “Protectionist” is one of the nicer ones; but it is inexact. I am an economic
nationalist. To me, the country comes before the economy; and the economy exists for the people. I believe in free markets, but I do not worship them.
In the proper hierarchy of things, it is the market that must be harnessed to work for man—and not the other way around.
As for the global economy, like the unicorn, it is a mythical beast that exists only in the imagination. In the real world, there are only national
economies—Japan’s that has lost its animal spirits, South Korea’s that is deep in recession, Brazil’s which is falling, Indonesia and Russia’s which
are in collapse.
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