I am publishing below, “Industrialization is the Antithesis of Slavery” a new article by my colleague, Nancy Spannaus, creator of the blog, americansystemnow.com, because of the importance of this topic. Unfortunately, many Americans and non-Americans alike, foolishly repeat the silly and false notion that the success of the United States in becoming a great industrial power laid on the foundation of slavery. Nothing could be further from the truth. The U.S. achievement in becoming an economic power was despite, and in opposition to slavery. A progressing economy requires trained, skilled, and educated workers to operate the tasks required by productive manufacturing industries. Slave labor, exploiting the animal-muscle power of human beings only works in labor intensive occupations performed for example, in sugar, tobacco, and cotton plantations. Spannaus uses the writings of American System Economist, Henry Carey, a follower of Alexander Hamilton and advisor to President Lincoln, to elucidate the issue.
Slavery kept southern sections of the United States in backward economic conditions, that are still evident today. Slavery also contributed to a racist notion that “blacks” are inferior, affecting the U.S., such that we are still struggling with forms of racism centuries later.
To free all men and women, in Africa and in the U.S., we must exploit, if you will, the unique powers of the human creative mind. This can only be accomplished in a scientific-technologically advancing industrial economy, where every human being can be engaged in a productive profession and treated with dignity.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton
President Abraham Lincoln delivering his Second Inaugural address on March 4, 1865, one month before his death.
April 17, 2022
President Abraham Lincoln, who was assassinated on April 15, 1865, was arguably the greatest U.S. President, but I would also suggest, perhaps the finest American. His tragic death changed the the, world not just the United States. My colleague, Nancy Spannaus, provides a fitting requiem for the fallen President. A Requiem for Abraham Lincoln
His temperament, his intellect, and his commitment to the U.S. Constitution, saved our precious Republic, which was less than eighty years old, and heading towards a Civil War, when he took office in 1861. President Lincoln’s unwavering resolve to defeat the opposing army of the Confederacy, demonstrated his superior military skills and strategic understanding that only the surrender by a defeated South, would the Union be preserved. His tragic death affected the world, not just the United States. If his reconstruction program had been fully implemented in his second term, the U.S. would be dramatically different today.
Much has been written and even taught that President Lincoln was not opposed to slavery, but only freed the slaves to win the Civil War. The remarks by the intellectual titan and fierce anti-slavery leader, Frederick Douglas, following the death of President Lincoln, quoted in Spannaus’ articles eloquently dispute this claim. Douglas was an ally of President Lincoln in the fight to eliminate slavery.
In his eulogy on June 1, 1865, at Cooper Union, NY, Douglas said:
“But what was A. Lincoln to the colored people or they to him? As compared with the long line of his predecessors, many of whom ere merely the facile and service instruments of the slave power, Abraham Lincoln, while unsurpassed in his devotion, to the welfare of the white race, was also in a sense hitherto without example, emphatically the black man’s President: the first to show any respect for their rights as men.”
The vast majority of Americans are also unaware that President Lincoln adhered to the economic policies of Alexander Hamilton’s American System. Abraham Lincoln in his basic campaign stump speech, advocated for protectionism, a national bank, and internal improvements. As President, he initiated the building of the Transcontinental Railroad across the U.S., connecting the Atlantic and Pacific oceans, which became a model of transportation infrastructure for the rest of the world. To fund the U.S. economy during the war he created a new currency-greenbacks, bonds backed by the federal government. Lincoln’s economic advisor was Henry Carey, a student of Hamilton’s economic method.
Abraham Lincoln’s frequently delivered speech on Discoveries and Inventions, reflects his philosophical understanding of human economy, revealed in its opening sentences:
“All creation is a mine, and every man, a miner.
The whole earth, and all within it, upon it, and round about it, including himself, in his physical, moral, and intellectual nature, and his susceptibilities, are the infinitely various “leads” from which, man, from the first, was to dig out his destiny.
In the beginning, the mine was unopened, and the miner stood naked, and knowledgeless, upon it.
Fishes, birds, beasts, and creeping things are not miners, but feeders and lodgers, merely. Beavers build houses; but they build them in nowise differently, or better now, than they did, five thousand years ago. Ants, and honey-bees, provide food for winter; but just in the same way they did, when Solomon referred the sluggard to them as patterns of prudence.
Man is not the only animal who labors; but he is the only one who improves his workmanship. This improvement, he effects by Discoveries, and Inventions.”(Emphasis added)
Let the U.S. again return to the policies of Abraham Lincoln by providing true leadership in the world.
As viewers of my website know, this is my second post in recent days discussing former outstanding U.S. Presidents and their policies. Why has American culture not produced such leaders in the last six decades following the death of John Kennedy? This will be the subject of a future article.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton.
There is no better way to celebrate Black History Month than to to absorb the ideas of Frederick Douglas. I recommend you read this latest article written my friend, American historian, Nancy Spannaus-see link below: Happy Birthday, Frederick Douglas. I also suggest you read his wonderful autobiography: Life and Times of Frederick Douglas.
Frederick Douglas believed in the U.S. Constitution and demanded that Americans and their leaders live up to its noble principles. That is something we should all aspire to. Douglas wrote: “Men talk of the Negro problem. There is no Negro problem. The problem is whether the American people have loyalty enough, honor enough, patriotism enough, to live up to their own Constitution.” Frederick Douglas did not advocate tearing down America, but rather, demanded that Americans live up to the principle embodied in the U.S. Constitution.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com
In memory of Dr. Martin Luther King (1929 to1968), a champion for the poor.
On Sunday, January 10, 2021, the Rising Tides Foundation (risingtidefoundation.net) hosted a class by me entitled: A Hamiltonian Solution for Africa. The first video below is my two hour presentation. The second video is an hour of questions and answers. For those of you who have the time and the desire to learn, I believe you will find these videos beneficial.
Alexander Hamilton, the first U.S. Treasury Secretary under President George Washington, prepared four economic reports establishing the American System of Political Economy in opposition to the Adam Smith-British free trade system. Hamilton understood that the U.S. would not become a sovereign economically independent nation without a robust manufacturing sector. This is true of African nations today, which have the lowest dollar amount of manufacture added value in the world. African nations are subjected to unfavorable terms of trade and weak currencies, because they are compelled to export their natural resources and import capital goods. Hamilton would not allow this to happen to the young U.S. following its independence from Great Britain.
My personal mission is to eliminate poverty and hunger in Africa by educating my African friends on the scientific economic principles of Alexander Hamilton.
“The intrinsic wealth of a nation is to be measured, not by the abundance of the precious metals, contained in it, but by the quantity of the production of its labor and industry.” Alexander Hamilton, Report on a National Bank, (December 13, 1790)
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com
All three articles in this post highlight the essential role of infrastructure in building real economic growth in African nations as well as the United States. We are living in a perilous period of economic breakdown and loss of hundreds of thousands of lives due to the COVID-19 pandemic. Millions of impoverished people around the world are threatened with hunger, and tens of millions more are being forced into poverty and extreme poverty as a result of this dual crisis. Massive development of infrastructure, including nuclear energy, should be financed through public sector credit and a National Infrastructure Bank as part of a “New Economic Architecture,” which is urgently required. The economic principles to finance infrastructure and an expanding agro-manufacturing sector was brilliantly put forth by President George Washington’s Treasury Secretary, Alexander Hamilton*. The levels of infrastructure required cannot be done by relying on the so called free-market, but must be accomplished by government intervention. When people are dying and suffering, you do not depend on the “markets.” Nations have the obligation to provide for the general welfare of their citizens.
Without infrastructure and manufacturing, AfCFTA will fall short – senior African policymaker
“An Ethiopian senior minister and special adviser to Prime Minister Abiy Ahmed has cautioned that, without major infrastructure investment and the development of manufacturing capacity, African countries will not be in a position to take full advantage of the African Continental Free Trade Agreement (AfCFTA), which is poised to liberalize trading conditions across 55 countries.”
Dr Arkebe Oqubay has been at the center of Ethiopian industrial policy making for over 25 years. He is the founding Chancellor of the Addis Ababa Science and Technology University (AASTU), and in 2015 he authored Made in Africa: Industrial Policy in Ethiopia
Plans to expand nuclear-power capacity fourfold by 2035
Kenya expects peak demand to top 22,000 megawatts by 2031
The government looks to expand its nuclear-power capacity fourfold from a planned initial 1,000 megawatts by 2035, the Nuclear Power and Energy Agency said in a report on the National Environment Management Authority’s website. The document is set for public scrutiny before the environmental watchdog can approve it, and pave the way for the project to continue.
President Uhuru Kenyatta wants to ramp up installed generation capacity from 2,712 megawatts as of April to boost manufacturing in East Africa’s largest economy. Kenya expects peak demand to top 22,000 megawatts by 2031, partly due to industrial expansion, a component in Kenyatta’s Big Four Agenda. The other three are improving farming, health care and housing.
The nuclear agency is assessing technologies “to identify the ideal reactor for the country,” it said in the report.
A site in Tana River County, near the Kenyan coast was preferred after studies across three regions, according to the report. The plant will be developed with a concessionaire under a build, operate and transfer model.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in the economic development policy of Africa for 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com
The article below discusses the physical effects on the US population of the shrinking of America’s economy and culture over many years. The USA was founded on profound principles still valid today. However, the absence of quality leadership, and a population conditioned by news headlines has led to our decline. America needs a statesman with a bold vision of the future and the will to implement it. Presently, neither exist.
Below is a half hour video presentation on the importance of Alexander Hamilton’s credit policy for the development of Africa. The forum was organized by Watch Democracy Grow, an organization promoting democracy and development in Africa, and was filmed Afrique Today.
As I discuss in the video and article below, African nations need long-term and low interest lines of credit to finance trillions of dollars necessary for infrastructure projects across the continent. Government backed authorities or the government itself can issued public credit in the amounts required. To provide credit for the newly united colonies, Hamilton designed the National Bank of the United States in 1791 at the request of President George Washington. It was a corner stone of the successful American System of Political Economy. Similar institutions are appropriate for African nations to finance vitally needed infrastructure today. Applying the Hamiltonian model, the Belt and Road Initiative, promoted by China, is helping Africa build and finance infrastructure that is essential for African nations to industrialize and expand their agriculture and manufacturing sectors.
With control of the House of Representatives, the Democrats have the opportunity to provide leadership for the United States. They will have to decide. Do they want to make their primary focus attacking President Donald Tramp, by continuing their impotent investigation of his alleged collusion with Russia in the 2016 election? Or will they actually provide a vision for the future of the USA, by enacting bold new legislation. Any attempt to impeach President Trump would be a farce that would virtually ensure the Democrats would be defeated in the 2020 presidential election.
President Trump has demonstrated that he lacks a comprehensive understanding of the scientific principles that created the USA. He has also displayed an unAmerican phobia to non-white foreigners from a multitude of countries arriving in the USA. However, President Trump has distinguished himself in forming a close relationship with the President of China, Xi Xinping. He has also attempted to establish a working relationship with the President of Russia, Vladimir Putin. To the detriment of the USA (and the world) many Democrats, along with some members of his own administration, have adamantly opposed these positive initiatives by President Trump. President Trump has many shortcomings, but to his credit, he is not an ideologue, and he is not a devout follower of the geo-political doctrine on foreign policy. If President Trump took the audacious step to partner with China’s Belt and Road Initiative, the world could be transformed.
Important polices must be implemented now to provide for the welfare of our citizens, which will require bipartisan action in the Congress. For example. Both the Republican and Democratic parties have made verbal commitments to support a Glass Steagall banking reorganization, yet no action has been taken by the Congress or this administration. Another opportunity for bipartisanship would be the passage of legislation for a transformative infrastructure plan to rebuild the USA.
Below is a useful article discussing how President Trump working with the Congress could fund large-scale infrastructure projects.
Nov. 7, 2018—One thing is definitive about the results of the U.S. mid-term elections: Neither political party put a solution to the country’s economic and financial disaster on the national agenda. That doesn’t mean that many of the new Democratic members of Congress don’t have a strong commitment to address the economic crisis, however. They can potentially galvanize the veteran Congressmen into action. The question is, will competent, workable proposals be put on the table in the 116th Congress?
Statements from President Trump and the putative incoming House Speaker Nancy Pelosi in the immediate aftermath of the election were notable for addressing the possibility of bipartisan progress on infrastructure. Both statements were quite vague, however—and, as some will recall, Trump has offered cooperation on infrastructure before. One need only look at his current blackballing of the New York City Gateway project to see how hollow that promise was.
Rep. DeFazio in his campaign photo.
More substantive have been remarks from the incoming chairmen of two House committees. Rep. Peter DeFazio (D-OR) is expected to take over the Transportation and Infrastructure Committee. According to a Nov. 7 Reutersarticle, DeFazio is prepared to put forward his previous proposal for a $500 billion plan, which would involve issuing 30-year bonds, using funds from raising gas taxes. He believes Trump would accept an increase in the gas tax.
“There has to be real money, real investment,” DeFazio said today. “We’re not going to do pretend stuff like asset recycling. We’re not going to do massive privatization.”
Rep. John Yarmuth (D-KY), who is slated to take over the House Budget Committee, addressed the infrastructure question a few days before the election, according to an Oct. 30 Politico Pro article. He said he would be making a proposal which “involves some very long-term bonding authority that would help finance an infrastructure bank.”
The Issue of Funding
The inevitable sticking point in Congressional discussions of an adequate infrastructure bill—which should ultimately amount to spending trillions of dollars to meet the infrastructure deficit—will be funding. President Trump has already indicated his preference for off-loading the cost to local and state governments, and proposes to even cut the Federal contribution from today’s 80% to 20%. That’s a formula for non-action. The Democratic plans have not been specific.
The danger lies in a potential “compromise” that pushes Public Private Partnerships (PPPs) as the solution to the funding dilemma. PPPs are presented as a means of reducing, or eliminating, public costs, by contracting with private companies to either build, manage, or both the needed element of infrastructure. The claim is that the private company can do the job cheaper and more efficiently, and the public will benefit.
Moving ahead on Gateway would be a good place to start.
Not so fast. First, some of the cheapness comes at the cost of labor—by violation of Davis-Bacon standards–and quality. Secondly, private contractors only enter PPP agreements on the guarantee that they will receive a revenue stream to cover their costs, and provide a profit. This can amount to tolls on a road, water bills for a water company, and the like. And if the stream doesn’t provide what the company considers adequate profit, what will it do? Cut maintenance? Cut off people’s water supply? Both results have occurred! And they are unacceptable.
So, forget PPPs. The solution lies in taking the lead from Franklin Roosevelt and Alexander Hamilton. The Federal government has a unique capability (and responsibility) to create credit to modernize and rebuild our infrastructure. That credit can in fact be issued by turning current (virtually non-performing) government debt into bonds supporting an infrastructure bank, against which it would then issue new loans to help finance the long overdue infrastructure projects. These would not only be short-term, but also long-term projects, such as the Gateway Project, California High Speed Rail, and the desperately needed water projects in the nation’s interior, for starters. If the right projects are selected, the infrastructure constructed will pay back more to the economy in increased productivity than is expended–as well as creating millions of new, high-paying jobs.
For a modern proposal for such an infrastructure bank, click here
The world is on tenterhooks waiting for the next moves from the Trump Administration in terms of the draconian tariffs he has threatened to place on China as well as on a number of other countries, including our close neighbors Canada and Mexico. And the question remains for most people: Is he really intent on carrying out the threat (the first tariffs are to take effect on July 6) or is this merely an “in-your-face” negotiating tactic to cut a better deal for the United States? We probably won’t know until the last moment, but a number of things seem to be clear.