Do people from other countries hate us because of our freedom or because of our military? Many people believe that military and markets go hand in hand. Indeed, many conservative advocates of markets also passionately support the military, and many people who oppose militarism abroad also oppose markets. Nineteenth-century writer Richard Cobden, however, maintained that the military and markets were substitutes: more military entails less market. Although the ideas in The Political Writings of Richard Cobden (1903) are a century and a half old, Cobden considered many arguments for military intervention still made today. He discussed whether military spending was beneficial to the economy, to commerce, and to peace, and in all three cases he answered no. Both conservatives and left liberals can learn much from Cobden’s discussion of commerce, markets, and peace. To Cobden, the advocate of peace should be an advocate of markets.
Source link: http://archive.mises.org/18391/advancing-peace-through-markets-richard-cobdens-enduring-lessons/