Chomsky being wry
Very high protection was only one of the devices of state intervention in the economy. There are many others, which aren’t studied by economic historians, but they’re there.
So consider cotton, which was the fuel of the early industrial revolution, like oil today. The US did achieve dominance of cotton production, namely by exterminating the indigenous population, territorial expansion and slavery, which are rather severe forms of market interference.”
Somewhere in this video, which you should watch all of…