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> which country do you think enjoys more autonomy, the U.S. or North Korea? The US practiced plenty of protectionism to nurture its economy. And looking beyond
by AinderS 4y ago
> which country do you think enjoys more autonomy, the U.S. or North Korea?
The US practiced plenty of protectionism to nurture its economy. And looking beyond the global exception of North Korea for a moment, China, Taiwan, Japan, and South Korea, and indeed every advanced economy, did the same. Of course protectionism and self-reliance can be taken to a harmful extreme, but so can the opposite. Yet economists only warn about one, not both.