Home
/
RELIGION & LIBERTY ONLINE
/
2019 G20 Summit: Tariffs and forbearance
2019 G20 Summit: Tariffs and forbearance
Jan 20, 2026 7:21 AM

As world leaders from a select group of the largest national economies meet in Osaka at the end of this week, they face increasing volatility and uncertainty around some of the basic principles and institutions that bring together their various peoples in the global marketplace.

The World Trade Organization may undergo serious reform in the face of hints from President Trump that the United States might withdraw amid broader dissatisfactions. The ongoing tariff battles between China and the United States foster concerns among statesmen and businessmen about the long-term openness of world trade. In the short-term, the creativity and dignity of individual entrepreneurs and laborers are subjected to presidents’ and prime ministers’ notions of justice and fairness.

In such moments, history provides useful reminders that things don’t have to be this way. It may seem that the geographically diverse mix of authoritarian leaders, such as Russia’s Vladimir Putin and Turkey’s Recep Tayyip Erdogan, with democratically-elected representatives including Australia’s Scott Morrison and Brazil’s Jair Bolsonaro, would automatically face insurmountable conflicts and obstacles to cooperation.

History, however, suggests otherwise. Most recently, the lowering of barriers to trade in the 19th century, and the resulting economic expansion, came at a time when democracy was still the exception in Europe, let alone the world.

Certainly the United Kingdom’s representative government led the way in economic liberalization, but the Prussian absolute monarchy followed closely behind. Both regimes saw the benefits to their people from respecting the freedom, dignity, and creativity of citizens and foreigners in the economic sphere.

An even sharper and more revealing contrast to today’s political es from an older period in Europe’s history. In his book, Barbarians to Angels: The Dark Ages Reconsidered, University of Minnesota Professor Peter Wells relays this message from Charlemagne, King of the Franks, to Offa, ruler of a portion of England, in 796 AD:

It is our will mand that [merchants] have full protection in our kingdom to transact their lawful business according to ancient practice. If they are anywhere unjustly treated, they should appeal to us and our judges and we will see that justice is done.

In this note, Charlemagne presents his approval for creative economic enterprise, and his willingness to use his political resources to protect honest and successful businessmen, even from other regions. Although Charlemagne was the more powerful political and military figure, his esteem for tradition leads him to treat Offa with respect, restraining his own ability pel or control trade and tradesmen in the two domains.

Wells relates further evidence that “trade expanded rapidly” during this early period of Europe liberated from top-down, centralized Roman regulations. Christian kings like Charlemagne, rather than embracing the “chaos and war” often assumed of the Middle Ages, practiced forbearance to bring political stability to Europe through the rule of law.

This differs sharply from the insults and machinations that have increasingly characterized global trade spats in recent years. Leading up to this G20 meeting, President Xi Jinping, for example, visited North Korea, a move interpreted as establishing his ability to influence that situation as an incentive to the United States for a trade deal.

Today’s leaders are willing to use a humanitarian crisis as an economic football. No wonder, then, that analysts foresee “lasting scars” from the current tariff battles, even if this G20 summit brings short-term resolution.

Of course, the technological revolutions and global integration of recent centuries plicated economic policy. Nor were medieval conditions an economic utopia.

Nevertheless, the role of government remains a right administration of justice, even in the digital age. While world leaders may be tempted to score personal political points at home through “successful” meddling in the global economy, their citizens would benefit more from economic liberty.

Holding powerful political figures responsible requires a strong moral culture and healthy social institutions, as found in Charlemagne’s kingdom. Absent these restraints, we can hope that world leaders at the G20 summit and elsewhere will realize the individual dignity integrated with free economic activity, encouraging the creation of wealth by ensuring the rule of law.

White House. This file is a work of an employee of theExecutive Office of the President of the United States, taken or made as part of that person’s official duties. As aworkof theU.S. federal government, it is in thepublic domain.)

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
No Plan? No Problem
The Cato Institute and Randal O’Toole offer an appealing new book, The Best Laid Plans—a recounting of the failures of government planning. Think of it as extensive documentation of the truth Hayek observed half a century ago: it is impossible for a central authority to collect all the information or make all the predictions necessary to foresee how economic activity will play out. Therefore, it is impossible to plan centrally the operation of major sectors of the economy such as...
On History, Education, and Great Books
Does a good education demand an appreciation for history? It would seem so. What arguments are there to support such a contention? Neil Postman writes, There is no escaping ourselves. The human dilemma is as it always has been, and it is a delusion to believe that the future will render irrelevant what we know and have long known about ourselves but find it convenient to forget. In quoting this passage from Postman’s Building a Bridge to the Eighteenth Century,...
A Puritan Legacy
There’s no better time to re-examine the legacy of the Puritans than on the Thanksgiving holiday, which is so closely associated with the Pilgrim’s exodus to America in 1621. With that in mind, here are a few resources for understanding the worldview that Max Weber called a “worldly asceticism.” “Eat, Drink, and Relax: Think the Pilgrims would frown on today’s football-tossing, turkey-gobbling Thanksgiving festivities? Maybe not.” Christian History & Biography.“History and Theology of the Puritans.” The Shepherd’s Scrapbook (links to...
A Heartwarming Story for Thanksgiving
Thanks to Rob Chaney at the Missoulian, the touching story of young Caden Stufflebeam is told. Chaney wrote a piece titled, “Rocks to riches: Missoula boy sells stones he finds to buy food for needy.” Appropriately noted as the top story for the paper in Missoula, Mont., Caden has been collecting and selling rocks and donating the proceeds to the less fortunate. The young boy is filled with an abundance of generosity and spiritual knowledge. Christ declared in Matthew, “I...
Alarmism and Corruption
Regis Nicoll over at The Point notes a WaPo story that is getting a lot of play on the blogosphere about the UN’s downgrade of the estimate of the extent of the AIDS epidemic, “U.N. to Cut Estimate Of AIDS Epidemic: Population With Virus Overstated by Millions.” Nicoll writes that while of course it is good news that fewer people are infected than were previously thought, “The bad news is that previous estimates were inflated because of politics, bad science,...
Reports on Globalization and National Capital
Last month the World Bank published a report titled, “Where is the Wealth of Nations?” (HT: From the Heartland). The report describes estimates of wealth and ponents for nearly 120 countries. The book has four sections. The first part introduces the wealth estimates and highlights the level position of wealth across countries. The second part analyzes changes in wealth and their implications for economic policy. The third part deepens the analysis by considering the importance of human and institutional capital,...
2008 Novak Award Nominations Being Accepted
The nomination process has begun for the international 2008 Novak Award. Named after theologian Michael Novak, this $10,000 award rewards new outstanding research into the relationship between religion and economic liberty. Over the past seven years, this award has been given to young, promising scholars throughout the world. To nominate an emerging scholar, plete the online form. We encourage professors, university faculty, and other scholars to nominate those who pleting exceptional research into themes relevant to the mission and vision...
Latin America’s Messengers for Recycled Marxism
An assortment of radical socialist chums gathered in Caracas, Venezuela for a lively discussion on the issue, “United States: A possible revolution.” The event was part of the third annual Venezuela International Book Fair on November 9-18, and featured the usual campus radicals, anti-American crusaders, and Marxist activists. As usual mitted Marxists, the main target of evil and oppression in the world is the United States. Writing a summary of events for the Militant, Olympia Newton’s article is titled, “Venezuela...
PowerBlog Updates
Taking a cue from No Straw Men, I’m updating the look and feel of the Acton PowerBlog. Jonathan Rick suggests pletely separating your blog from your organization’s main Web site is a bad idea because you cut off access to useful information and create two distinct audiences rather than integrating traffic between two distinct sections of one Web site. Acton’s blog has always been on the same domain as the main Acton site (www.acton.org) but we’ve recently given the blog...
Wichita Business Journal: The Call of the Entrepreneur
Pat Sangimino wrote an article for the Wichita Business Journal titled, “Documentary seeks to dispel negative images of entrepreneurs ” (subscription required). A premiere of The Call of the Entrepreneur took place in Wichita, Kan., on November 14th. Sangimino noted in his piece: Some consider Wichita to be the Midwest’s cradle of entrepreneurship. Evidence of that is the original Pizza Hut building, which was moved to the Wichita State University campus in 1984 to serve as a reminder of what...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved