Victor Davis Hanson Quote
For a capitalist system to work, the state had to protect, not regulate or interfere with, free markets. Both for political and religious reasons, this the sultan could not do: The Ottomans had then no idea of the balance of trade. . . . Originated from an age-old tradition in the Middle East, the Ottoman trade policy was that the state had to be concerned above all that the people and craftsmen in the cities in particular would not suffer a shortage of necessities and raw material. Consequently, the imports were always welcomed and encouraged, and exports discouraged.
Victor Davis Hanson
For a capitalist system to work, the state had to protect, not regulate or interfere with, free markets. Both for political and religious reasons, this the sultan could not do: The Ottomans had then no idea of the balance of trade. . . . Originated from an age-old tradition in the Middle East, the Ottoman trade policy was that the state had to be concerned above all that the people and craftsmen in the cities in particular would not suffer a shortage of necessities and raw material. Consequently, the imports were always welcomed and encouraged, and exports discouraged.
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About Victor Davis Hanson
He is a professor emeritus of Classics at California State University, Fresno, the Martin and Illie Anderson Senior Fellow in classics and military history at the Hoover Institution, and visiting professor at Hillsdale College. Hanson was awarded the National Humanities Medal in 2007 by President George W. Bush and was a presidential appointee in 2007–2008 on the American Battle Monuments Commission.