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Protectionism built Japan, Korea and China's economies. Protectionism is good, actually.
by caekislove 2y ago
Protectionism built Japan, Korea and China's economies. Protectionism is good, actually.
- Qwertious 2y agoProtectionism let Harley Davidson make their motorbikes cheap enough to compete on the world stage in the 1970s. Except, they never bothered because they didn't need to compete - protectionism kept them nice and profitable, regardless of what they did. Protectionism can be done well, but blindly applying it is dangerous and stupid.