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by Nutmog 3720 days ago
Some protectionism helps poorly developed industries grow locally until they're competitive enough to compete globally (eg postwar Japan). However, other protectionism maintains inefficient industries at the expense of poor people in other countries who could do the same job cheaper (eg US agriculture)
1 comments

>However, other protectionism maintains inefficient industries at the expense of poor people in other countries who could do the same job cheaper

...thus protecting the nation's citizens from having their jobs exported overseas. How is that not government protecting the nation's best interests?