fuagf: protectionism is one of those buzz words utilized to form groupthink opinion and demonize opponents. When the shroud of words of art are removed, one finds, that what is objected to and by whom, is reciprocating tariffs, for example. Well, what's wrong with that? The value added is fair and across the board. But such things do not cater to the monopolies that have been formed throughout the years. "Free Trade" is a deliberate oxymoron, while true free trade exists under what is labelled protectionism.
We have witnessed, for decades, the unbridled greed resulting in harm to native businesses and native consumers, as well as the exploitation of workers in often slave conditions. The decline in the use of tariffs and levies occurred after the passage of The Federal Reserve Act and the guise of personal income tax.
It's so risible to hear the likes of Drug Rush Limp Wrist rail against "protectionism." He gets to pay less for his ED drugs and plethora of pill popping, but facilitates nonAmerican manufacturing. What's the replacement? It's welfare workers and additions to The Medical Industrial Complex. He doesn't rail against their protectionism monopoly preventing alternative health treatments. Maybe, that explains why elitists go to foreign nations for health care.
The reality is that poor nations utilize reciprocating tariffs, etc against wealthy nations to protect its people against exploitation. The factories that come into these nations are NOT natively owned. It's a gross sell out. That's the take, take, take. Under native "protectionism," native craftsfolk create a different industry and eventually their different goods are traded for different goods. This has much greater benefit to the developing nations. It recently worked in a number of African nations, until outsiders became their insiders and raped them across the board. The sell of the "short-term fix" results in the need for a "daily fix."
So just what exactly does Australia import from, say, Mozambique? Hmmm, I thought so. Julia Gillard can stuff it up her nose.
"When in doubt, empty the clip."
AI
