Conservatives who embrace protectionism thereby embrace both the fear that businesses, entrepreneurs, and workers in their country are simply not up to the task of competing against foreign rivals, and the belief that among the steps in making their country “great” is for their own government to restrict the freedom consumers in their country.
“Progressives” who embrace protectionism share conservatives’ low opinion of their country’s businesses, entrepreneurs, and workers, but also mistakenly believe that protectionism “sticks it to” corporate oligarchs when, in fact, it creates corporate oligarchs.
Don Boudreaux, “Quotation of the Day…”, Café Hayek, 2018-09-10.
February 17, 2021
QotD: Protectionists, left and right
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