Hacker News new | ask | show | jobs
by Amezarak 3137 days ago
Protectionism built the prosperity of the British empire yesterday.

Protectionism is building prosperity in China today.

I'm not saying protectionism is always right, I'm saying do what gets results. Sometimes that's free trade. Sometimes that's protectionism.
2 comments
WalterBright 3137 days ago
Did it? Or did the advantages of the British empire being a global free trade zone outweigh the deleterious effects of protectionism?

Did you know that New York City was founded to get out from under protectionism, and became the economic capital of the world?

link
nonamechicken 3137 days ago
Yes. And I hope India will increase its protectionism as well. I don't see why Flipkart has to compete with Amazon. Why do we need Whirlpool or GM when there are Indian companies that will help create jobs in India?
link
virtuabhi 3137 days ago
You make a good point. Why should we have free trade without free movement of labor?
link