Who Does Protectionism Protect? Not You.

Source: Garrison Center
by Thomas L Knapp

“Protectionism’s beneficiaries are politically connected business interests who want to charge you $500 for a laptop computer and so ask the government to keep you from buying a competing Chinese model for $350. And, of course, the politicians who give those business cronies what they want. American consumers don’t benefit. We pay. Every ‘new American job’ created by protectionist policies costs means that every American consumer — including the workers in those ‘new jobs’ — pays more for the products or services involved.” (11/10/22)