4 ms·
Protectionism works like this. People in business worried that they're not making enough dough convinces fellow citizens that the way for the nation to prosper
by fennecfoxen 12y ago
Protectionism works like this. People in business worried that they're not making enough dough convinces fellow citizens that the way for the nation to prosper is by wasting additional money to produce those goods and services on one side of a line instead of on another. These local businessmen makes extra cash, tout their high-visibility success. Individuals and families who pay for this and spend less on other things (harming every other sector of the economy) are conveniently ignored.