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Sure, just like the hypothetical yard work has a cost. I think what you’re illustrating is that protectionism doesn’t make people poorer per se, but it’s bad w
by bumby 3y ago
Sure, just like the hypothetical yard work has a cost. I think what you’re illustrating is that protectionism doesn’t make people poorer per se, but it’s bad when it’s abused for individual purposes rather than broader purposes.
- JumpCrisscross 3y ago> what you’re illustrating is that protectionism doesn’t make people poorer per se It makes people materially poorer and redistributes wealth, typically up. That is a fair price to pay in some circumstances, e.g. bolstering defence manufacturers.
- bumby 3y agoSo on some dimensions, protectionism can make people better off (eg more secure). It seems your issue isn’t that it makes “everyone” poorer (there seems to be a contradiction between your previous and last statement), but more so you aren’t comfortable with how the decision is made (eg by fiat)