Quotation of the Day…

by Don Boudreaux on December 4, 2016

in Crony Capitalism, Trade

… is from page 222 of James Bovard’s 1991 book, The Fair Trade Fraud:

imagesThe ITC [U.S. International Trade Commission] acts as if American companies have a right not to be injured by foreign competition, regardless of how poorly they serve their American customers.

DBx:  Indeed.  And yet Generalissimo Trump and his fans imagine that, by some miracle, the provision by the state of even more protection of American producers from competition will make these firms better, make Americans more prosperous, and “Make America Great Again.”

It’s a crackpot notion, beloved by cronyists.


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