Quotulatiousness

June 5, 2018

QotD: Protectionism is a form of bullying

Filed under: Economics, Quotations — Tags: , , — Nicholas @ 01:00

Bullying and protectionism have a lot in common. They both use force (either directly or through the power of the law) to enrich someone else at your involuntary expense. If you’re forced to pay a $20-an-hour American for goods you could have bought from a $5-an-hour Mexican, you’re being extorted. When a free-trade agreement allows you to buy from the Mexican after all, rejoice in your liberation. To compensate your former exploiters is to succumb to Stockholm syndrome.

Steven Landsburg, The Big Questions, 2009.

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