What’s Wrong with Protectionism: Answering Common Objections to Free Trade


Putting tariffs on imported goods or setting other barriers to international trade can be tempting for politicians. They assume that many of their constituents believe that free trade is not fair trade and that other countries aren’t playing by the rules. This belief makes it easy for industry leaders to demand protection for their businesses and their workers—to “put America first.”

But Americans should resist the siren calls of protectionism. In this highly relevant protectionism primer, Pierre Lemieux shows what can happen if they don’t.

As the author demonstrates, trade between any two countries is fair for the same reasons as exchange between two individuals: it is to the benefit of both. Lemieux carefully refutes the arguments of those who would curtail Americans’ access to the benefits of international commerce—from the claim that we can boost economic growth by reducing imports to the belief that free trade leads to “shipping jobs overseas.”

Lemieux shows how free trade improves the lives of American consumers, especially the poor. The narrow agenda of the protectionists—to protect a small minority of producers at the expense of millions of their fellow Americans—is the wrong path for an increasingly diverse and complex economy. This concise primer shows you why.



Source link

Articles You May Like

House Dems Want to Bring Back Pork Barrel Funding
President Trump Names Elvis, Babe Ruth Among Recipients of the Presidential Medal of Freedom
A Better Way to Conserve Endangered and Threatened Species
450 Illegal Aliens Apprehended in Arizona over 48-Hour period
Choosing The Right Diet- Key Factors To Consider

Leave a Reply

Your email address will not be published. Required fields are marked *