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Rapportera problem med översättningen
EU4 represents it as a number that gives you straight buffs.
The current system i think works well, the HRE is failing, and you have to try and fix it before it completely fails and collapses.
I work in retail. I sell water that is drawn from springs in another country three hundred miles away. Two of the most popular brands of bottled water "compete" with each other, but both brands are owned by the same parent company. I live on an island surrounded by ocean with an ever-increasing population. There are no desalination plants in the entire country. Every year the reservoirs run lower and lower. The country IMPORTS foreign water rather than invest in securing its own.
Free market baby! Whooo, capitalism! Yeah!
I graduated university nearly 15 years ago (boy, that hurts to say). My studies included economics and politics as reference markers for independent data analysis. I was not what anyone would call a model student. Nevertheless, whenever I apply my taught methodology to current reports, whichever starting principles I begin with I only ever reach the same conclusion. It is incredibly depressing.
I'm hoping to emigrate later this year. Dual nationality has its perks and I damn well have had enough of this place.
Oh it can be done. Look at China. Look at Japan. Look at the post-Soviet states. They all transitioned out of mercantilist policies to some degree or another. Pure mercantilism does not work in the current world, but for all the gloomy prophesying of economists - who I may remind everyone are regularly shown to be more surprised than the rest of us when something very ****ing obvious goes wrong - a healthy dose of it is doing wonders to insulate the populations from the downfalls of pure free trade.
Also worth noting that in-game, mercantilism is only helpful inasmuch as it makes you better able to compete in economically contested regions. It does not increase your production or taxable anything, it is functionally useless if you have full control over a trade node, and the only reason it boosts Burgher Loyalty is because this is the time period in which doing what they what in terms of economic policy encourages their...well...loyalty. Even increased Embargo Efficiency, making it harder for other nations to get what goods they do import, does nothing to stop YOU from suffering a -5% Trade Efficiency malus (except vs rivals for game reasons I guess). Also colonial nations, as you rightly point out, are annoyed by increased mercantilism because they feel exploited by the policy.
Free trade is ideal in the modern world because of the (relative, RELATIVE, I say again) lack of militant expansionism we are currently experiencing. One of the lowest in human history, frankly, no matter how awful things broadly seem on the world stage. In this era of colonial imperialism and resource exploitation, mercantilism is a boon, a tool to be used to empower yourself at the expense of others.
At the same time, places like where I live in the US are experiencing the highest standards of living in human history. I also much prefer democratic governance over feudalism, flaws and all. I guess the point I'm trying to make here is that we live in a transitory period, kind of like the game we are talking about. Feudalism held within it the weapons with which it could be destroyed, and so does capitalism. I don't know what will replace capitalism, maybe socialism, maybe not, but all I know is that we are in the beginning of the end.