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by rjaco31 3970 days ago
> it is always better to go for the new places where there are no dominant players

It's funny, I've heard several times the total opposite from startup founders ("It's easier to go for a big market and to chunk some % in order to get viable, rather than going on a totally new market in which you'll have to both be better than the competition and convince the clients that's it's actually a promising market")

> If someone offer you a product cheaper than you can make it yourself, take the offer and find something better to do. Everyone looses(sic) by protectionism.

Uh? Protectionism has historically worked exceptionally well to develop your own industry, as a matter of fact, all the big players heavily used protectionism in their time to nurture their industry before being big (England, USA, China, South Korea). You just cannot compete with an on-going industry while starting from scratch, so your industry will never take off.

Protectionism is only good if you're already the best in town & want to be sure that you keep the upper hand, but it helps in no way the under-developed country.

1 comments

Also, people forget the automobile industry of Japan was beneficiary of protectionism for decades.