It has been said that the American colonists attempted to reverse the maxim and have it read, “Mother countries exist for the benefit of their colonies.” Comment on the reasonableness of such a position. Has mercantilism disappeared as an economic philosophy?

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 It has been said that the American colonists attempted to reverse the maxim and have it read, “Mother countries exist for the benefit of their colonies.” Comment on the reasonableness of such a position. Has mercantilism disappeared as an economic philosophy?

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