Protectionism concerns fair competition. So how is it fair that U.S. industry is subjected to excessive manufacturing and employment regulations while foreign industry is not?
I totally support foreign competition. That’s what stopped the U.S. auto industry from dealing in rust. But allegiance to foreign industry is no better than allegiance to domestic, unionized manufacturing.
And let’s not forget, the GM bailouts didn’t resuscitate U.S. properties — it saved the foreign investments. Is that fair given it was our tax dollars that gave those operations relief?
I hate forced “fairness” and forced “equality”, the bywords of socialism and tyranny.
“Fair” is the enemy of free.
“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.” - Milton Friedman
https://www.youtube.com/watch?v=pKxCWheH5Vk