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Protectionism built the prosperity of the British empire yesterday. Protectionism is building prosperity in China today. I'm not saying protectionism is alway
by Amezarak 9y ago
Protectionism built the prosperity of the British empire yesterday.
Protectionism is building prosperity in China today.
I'm not saying protectionism is always right, I'm saying do what gets results. Sometimes that's free trade. Sometimes that's protectionism.
- nonamechicken 9y agoYes. And I hope India will increase its protectionism as well. I don't see why Flipkart has to compete with Amazon. Why do we need Whirlpool or GM when there are Indian companies that will help create jobs in India?
- virtuabhi 9y agoYou make a good point. Why should we have free trade without free movement of labor?
- WalterBright 9y agoDid it? Or did the advantages of the British empire being a global free trade zone outweigh the deleterious effects of protectionism? Did you know that New York City was founded to get out from under protectionism, and became the economic capital of the world?