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By Ronald Radosh, Murray N. Rothbard

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Additional info for A New History of Leviathan: Essays on the Rise of the American Corporate State

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This absolutely essential function of international trade . "). 3 7 3 7 See in particular his speeches, "Efficiency" (January 27, 1912), PPWW, Vol. II, pp. 357-360, 372-375, 38o; "The 28 NEW HISTORY OF LEVIATHAN Wilson's c o n c e r n for the p r o m o t i o n of foreign t r a d e a n d investment found expression in some of his key appointm e n t s u p o n assuming the presidency. T o C h i n a , for example, he sent P a u l S. Reinsch, long a p r o m i n e n t spokesm a n for e c o n o m i c expansion a b r o a d .

Pp. 392-393. , pp. 206, 207. That this represented Administration policy, not merely edifying rhetoric to win the favor of corporate interests, is corroborated, inter alia, by the exchange of notes during the summer of 1913 between Bryan and E. T. Williams (United States Charge d'Affaires at Peking). Williams requested instructions "as to the attitude to be taken by this Legation towards financial transactions between American capitalists and the Chinese Government," in view of President Wilson's statement of March 18, 1913, repudiating the SixPower Consortium and the Reorganization Loan.

53 Bryan's approach to economic expansion exemplified a unified world view, embracing "moralism" and "commercialism" as interdependent and mutually consistent elements, that was so common to the expansionists of the time; the underlying assumptions of the "Good Neighbor" policy of later administrations were not basically different; and like the policy of Wilson or Straight it emphasized not merely trade but also "development" of agrarian countries, and the government's responsibility to foster those operations.

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