Open Markets posted by Richard Seymour

Since trade ignores national boundaries and the manufacturer insists on having the world as a market, the flag of his nation must follow him, and the doors of the nations which are closed against him must be battered down. Concessions obtained by financiers must be safeguarded by ministers of state, even if the sovereignty of unwilling nations be outraged in the process. Colonies must be obtained or planted, in order that no useful corner of the world may be overlooked or left unused. (Woodrow Wilson, Lecture at Columbia University, 1907).

Protectionist sentiment is rife on the left; on the right, there are calls for "economic patriotism"; meanwhile some voices left and right, are making the case for free trade not just on grounds of commerce but of justice.

The true division in foreign policy today is between: those who want the shop "open", or those who want it "closed"; those who believe that the long-term interests of a country lie in it being out there, engaged, interactive and those who think the short-term pain of such a policy and its decisions, too great.
(Tony Blair, speech to the Foreign Policy Centre, March 21st 2006).