A Protectionist is Someone Who…

by Don Boudreaux on March 18, 2018

in A Protectionist is..., Crony Capitalism, Seen and Unseen, Trade

… upon seeing Jones’s riches increase when Jones robs Smith, concludes that Jones and Smith are thereby made collectively richer; the protectionist then counsels that Smith and Jones can further increase their collective riches if Smith now rob Jones.  Blind to all but the immediate bounty of the plunderer, the protectionist concludes that plunder is a means of collective enrichment.

Of course, the fact that the protectionist calls the plunder that he or she recommends “protection” – or “trade policy” – or “America First!” or “India First!” or “You-name-the-country First!” or whatever – does nothing at all to alter the essence of what is going on: P, to enrich himself, uses G to forcibly prevent D from dealing with F.  That’s plunder regardless of what it’s called.


Add a Comment    Share Share    Print    Email

Previous post:

Next post: