mercantilism

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“
MERCANTILISM is what we're under, which is a type of despotism, but OH, I forgot ***** don't understand the word mercantilism, because they're just as ***** stupid as gw bush.

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Definitions (6)

Toggle American Heritage definitions American Heritage Dictionary (2)

  1. noun The theory and system of political economy prevailing in Europe after the decline of feudalism, based on national policies of accumulating bullion, establishing colonies and a merchant marine, and developing industry and mining to attain a favorable balance of trade.
  2. noun The practice, methods, or spirit of merchants; commercialism.

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Examples (37)

  • Marshall,for example, although his references to mercantilism are not altogether unsympathetic, had no regard for their central theory as such and does not even mention those elements of truth in their contentions which I shall examine below. —  The General Theory of Employment, Interest, and Money: Project Gutenberg Australia
  • They are practicing mercantilism, the strategy of maximizing exports and minimizing imports. —  SeekingAlpha.com: Home Page
  • From mere mercantilism, the Republican Party is now flirting with comprehensive socialist economic policy and another Great Depression. —  Mises Dailies
  • The meltdown was caused by three great forces-Chinese mercantilism, dysfunctional U.S. energy policies and Wall Street abuses.
  • That journey highlighted mercantilism, as the earliest stage of the development of capitalism, which focused on the accumulation of wealth through trading among nations.
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This word has been looked up 175 times.

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/ˈmərkəntɪlɪzm/
by American Heritage

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