• 0 Posts
  • 790 Comments
Joined 3 years ago
cake
Cake day: July 1st, 2023

help-circle

  • Had cheap goods. With the way our food costs have exploded in the last five years we almost certainly wouldn’t have leverage over local production.

    Ignoring that, the behavior that protectionist trade laws are avoiding is: Country A using tax subsidies to artifically deflate the cost of a good, flooding the market of Country B where it isn’t subsidized and eventually putting the producers there out of business so they become reliant on trade with Country A. Protectionism like this isn’t wrong, but people generally don’t like being told that they’re being barred from less expensive options so it gets dressed up in nationalism.