Mercantilism "made a comeback in the 21st century. One way is through the emergence of complex bilateral trade agreements—surely better than no trade at all but riddled with labyrinths through which special interests prowl to capture surplus value and smuggle in low-cost labor." Hernando de Soto in the WSJ
Economist Hernando de Soto writes that as in Adam Smith’s day, the state favors some firms through regulations, taxes, subsidies and licenses.
wsj.com|Por Hernando de Soto