4 ms·
It's not going to get a case study because it's been extensively studied already. An easy to understand introduction is to look at the Stolper Samuelson theore
by arjie 10y ago
It's not going to get a case study because it's been extensively studied already.
An easy to understand introduction is to look at the Stolper Samuelson theorem.
This isn't a recent development. It precedes the existence of the United States as a nation. Textiles in the U.K., mill workers. It's been done before.
Protectionism is often just a straight subsidy from whichever society is being protectionist to the members which are being protected.
Or, as people on the Internet are prone to saying: if you can't compete, legislate. If you're somehow losing your job to Infosys, you can't be that good. Real loss for society occurs when a good candidate can't get into the US because Wipro took all the visas.
- thewhitetulip 10y agoI did not understand a word you said, the western nations shoved down globalization by force or threats during the start of 2000 and the very same nations are now "banning visas", I guess now they know how it feels. Divine retribution, the circle would be complete if Scotland would breakway from UK.
- arjie 10y agoI was over summarising because I didn't want to write a long comment. It looks like I did a poor job responding as a result and wrote the sort of comment I can't stand. Anyway, my point was that protectionism and free trade have been fighting a war for centuries. It is not true that this won't be studied. It will and has been. Because it's nothing special and new. This is garden variety protectionism.