Dirty Paki Khunt wrote on Jul 6
th, 2016 at 5:51pm:
Quote:Globalism and transnational oligarchies are out; national sovereignty is in
What does national sovereignty actually mean?
I'm curious. I look forward to a decent discussion on this.
I'll start it off. Vietnam has national sovereignty after it kicked out the French and the Yanks. Today, it sells off its national sovereignty to foreign manufacturers. Vietnam, a communist state, saw the need for foreign capital to develop. To do so, it fosters low-tax free trade zones, keeps down wages, and sells large swaths of its coastline off to Chinese hotel chains.
How does poverty create sovereignty?
Your example with regard to Vietnam suggests that it does not.
On the other hand, it's not as if nations don't reserve the right to reverse course and nationalize foreign investments, as in the 1970s:
http://www.merip.org/mer/mer100-101/arab-economies-1970s Quote:By the end of the decade, most Arab oil regimes (with the exception of Saudi Arabia) had nationalized their reserves and producing facilities and taken formal control of pricing and rates of production.
So perhaps a certain amount of foreign investment, or even foreign control of a nation's soil, can benefit the populace by providing them with more economic opportunities. I wouldn't support a total ban on foreign investment, but don't ask me where to draw the line.
My take on national sovereignty is that it enables the citizens of a country a better shot at determining their own future, as opposed to allowing, say, the EU to dictate how many "Syrian" refugees each member nation is required to take.
And that's better than being ruled by an oligarchy located outside your nation's borders, and that you and your fellow citizens had no part in electing. Blurred borders are the antithesis of personal freedom, and we should never be eager to serve some dictatorial global or transnational collective.
Thanks, 4th. An excellent response. We should have these discussions more often.
By the way, the EU does not take in refugees or immigrants. Only sovereign member states can do this.
This is an important point. Many Brits voted to exit the EU with this fallacy in mind.
Whoops.
Personally, I’d say sovereignty starts with citizens being well educated, but that’s just me.