Sunday, April 12, 2009

Marx on the Future of World Trade

The fulcrum of world commerce, in the Middle Ages Italy, more recently England, is now the Southern half of the North American continent...Thanks to the gold of California and to the tireless energy of the Yankees both coasts of the Pacific will soon be thickly populated, as industrialized and as open to trade as the coast from Boston to New Orleans is now. The Pacific Ocean will then play the same role the Atlantic Ocean is playing now and the role that the Mediterranean played in the days of classical antiquity and in the Middle Ages - the role of the great water highway of world commerce - and the Atlantic Ocean will sink to the level of a great lake such as the Mediterranean is today.

Source:(Karl Marx; His Life and Thought, Mc Lellan, p.221)

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