I think it is sad conservatives are embracing protectionism. So how far should protectionism extend? Between states? Between cities? And just like I would ask minimum wage advocates, what social science tells us where the limit is? Who decides and how? Why not just ban foreign products?
“I think it is sad conservatives are embracing protectionism. So how far should protectionism extend? Between states? Between cities? And just like I would ask minimum wage advocates, what social science tells us where the limit is? Who decides and how? Why not just ban foreign products?”
Mercantilism lost out to Smithsonian Free Trade over the last 200 years, as the dominant philosophy.
However, Mercantilism still dominates the world trading system and Smithsonian Free Trade was never achieved. It’s never been able to mature as the mercantilists always pick the participating countries bare.
The eternal search for Free Trade is like the eternal search for World Peace. It’s a fine objective.
In the mean time, those who wish to survive need to raise an army.
The United States cannot be the only nation-state, the largest market in the world, with a totally open market free of entry fees. We simply MUST protect ourselves.