3 ms·
> lifting protectionist policies Not lifting completely, just enough to facilitate economic growth. Importing anything in the US, EU or China is process full o
by rapsey 8y ago
> lifting protectionist policies
Not lifting completely, just enough to facilitate economic growth. Importing anything in the US, EU or China is process full of protectionist policies and tariffs that you must overcome.
The proof is in the pudding. The right amount of protectionism has proven to work in every successfully developed country. There are NO exceptions.
> "Few propositions command as much consensus among professional economists as that open world trade increases economic growth and raises living standards."
Economics would not be the first field with a popular theory that is complete nonsense that whenever tried has only resulted in catastrophe. Because it only works well in mathematical models instead of the read world.
Funny how all those economists have not convinced a single developed country to believe their theories and put them into practice.
- antidesitter 8y ago> Importing anything in the US, EU or China is process full of protectionist policies and tariffs that you must overcome. What is this supposed to prove? > The right amount of protectionism has proven to work in every successfully developed country. Every developed country has different amounts of protectionism. I have no idea what you mean by the "right" amount. > Economics would not be the first field with a popular theory that is complete nonsense What popular theory is "complete nonsense"? > that whenever tried has only resulted in catastrophe Which catastrophe? > Funny how all those economists have not convinced a single developed country to believe their theories and put them into practice. So not convincing someone to implement a good policy means the policy is bad?