My adversaries here are just upset that the government-controlled trade is not to their liking for various reasons: some significant and others mere raving. They believe that what we have is free trade and that the right response to it is withdrawal behind borders.
It is government regulation which is primarily driving American industry abroad and which reduces capital accumulation and wages. People seem also totally unaware that the growth in the wage fund is ENTIRELY dependent upon the level and rate of capital accumulation.
Control of the revenue from foreign trade by tariffs has always been a huge bone of contention in our politics and the more it is removed by moving towards free trade the better. As the highest level of free trade is approached so is the Division of Labor perfected and productivity maximal.
Possibly, but I've never been able to see them even do that much thinking. The most I ever got from them was some mindless 'I'm-good-you're-bad' song and dance, and how they proved their patriotism by saying they favored "America First".
Funny that, kind of a long standing tradition with protectionists. Back in the '30's the America Firsters were so anti-FDR that they became pro-Nazi. During movie theater newsreels they'd cheer during clips of Poland being bombed
<--Before getting into kid's books Dr. Seuss did political cartoons for the newspapers and he captured the widespread revulsion. Today's protectionists are not only wrong and midless, they're also in very bad company...