17 ms·
>If protectionism was so bad for the US and so good for our competitors, then our competitors would be begging us to increase our protectionism. But they are do
by rurp 8y ago
>If protectionism was so bad for the US and so good for our competitors, then our competitors would be begging us to increase our protectionism. But they are doing the exact opposite.
Most people view trade in general as a mutually beneficial endeavor.
- basetop 8y agoI too agree that trade can be a mutually beneficial endeavor. But it's not an either-or nor an absolute. Trade can be good, trade can be bad. Protectionism can be good, protectionism can be bad. History has shown that a certain amount of trade and a certain amount of protectionism is the formula for success and trade. As I pointed out before, some of the top trading nations are the US, China, Japan, Germany and South Korea. All of them have significant amount of protectionist policies. All of them also have significant amount of trade. It's a false dichotomoy to claim you can have trade or you can have protectionism. You can have both.