Time Magazine Smears Key American Anti-Slavery Economist

East Coast Regional Captain of the Center for Political Innovation (CPI), Noah Schenk, has released a new video defending 19th-century economist Henry Charles Carey in response to a recent Time magazine article. Reading directly from the article, Schenk ridicules Time’s dismissal of early American protectionists as “conspiracy theorists” for believing Britain sought to keep the United States in a state of colonial economic dependence.

Schenk then lays out who Henry Charles Carey actually was: the first economist trained in the United States, a key adviser to Abraham Lincoln, and a leading theorist of what became known as the “American System” of national economic development. He explains Carey’s famous formulation of two systems—an “English system” of imperialism, speculation, and deindustrialization versus an “American system” of production, infrastructure, and rising living standards. Schenk connects Carey’s critique of British-centered finance to later analyses by Vladimir Lenin of “Imperialism: The Highest Stage of Capitalism.”

The video goes on to contrast Carey’s pro-development economics with what Schenk describes as today’s Malthusian, globalist/imperialist order. He argues that Trump’s tariffs, as implemented in the current fiat-currency, debt-driven system, function not as Carey-style nation-building but as part of a broader “fascist economics” that manages crisis by driving down living standards rather than empowering workers. Schenk concludes with a call for a “government of action that fights for working families,” urging Americans to break from Wall Street and the legacy of the British Empire, align with rising multipolar institutions like BRICS, and revive Carey’s spirit in the form of “millions of Henry Charles Careys” advocating sovereign development for all the people of the world.

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