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Should Britain protect industries that are uncompetitive? watch

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    Totally off the topic, and i'm just hopping into this, but i've decided that you need a vacation, b/c every time I look at D&D i see a post by you as one of the most recent ones. :tsr:
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    (Original post by psychic_satori)
    Totally off the topic, and i'm just hopping into this, but i've decided that you need a vacation, b/c every time I look at D&D i see a post by you as one of the most recent ones. :tsr:
    LSE will be my vacation.
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    (Original post by Bismarck)
    LSE will be my vacation.
    Yeah, that's a real way to get a tan... :p:
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    (Original post by psychic_satori)
    Yeah, that's a real way to get a tan... :p:
    So says a Pittsburgher. :p:
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    (Original post by Bismarck)
    So says a Pittsburgher. :p:
    Only by location, though. And at least I have the excuse of living here for hockey and football! Going somewhere for the sake of academia? SO cliche!
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    (Original post by Bismarck)
    America has the lowest tariffs in the Western world (with the possible exception of Australia). Just because we have some tariffs, doesn't mean that we support protectionism. Laissez-faire can only be measured in degrees, and it's silly to claim that all other countries are protectionist merely because they protect one or two industries. The trend over the last 60 years has clearly been towards lower tariffs and subsidies, even in protectionist countries like France and Italy.

    Furthermore, protectionism hurts the country doing the protecting far more than it hurts the nations its trying to protect its industries from, as protection requires high taxation (which stifles economic growth) and high consumer prices (due to a lack of competition).
    Bush placed steel tariffs on EU steel.

    How is that not protectionism?
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    (Original post by zooropa)
    Bush placed steel tariffs on EU steel.

    How is that not protectionism?
    It was protectionism; one instance of it. What's your point? I already said that no country has a system of pure free trade, just like there is no purely capitalist country. If it makes you feel better, Bush enacted the tariffs for purely political reasons; his economic advisors were urging him against it.

    (Original post by psychic_satori)
    Only by location, though. And at least I have the excuse of living here for hockey and football! Going somewhere for the sake of academia? SO cliche!
    You're just jealous that your beaches have more smoot than sand. :p:
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    (Original post by Bismarck)
    You're just jealous that your beaches have more smoot than sand. :p:
    What beaches? The shores of the rivers? I don't think those really count.
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    (Original post by psychic_satori)
    What beaches? The shores of the rivers? I don't think those really count.
    Perhaps I misspelled one of the words.
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    (Original post by Bismarck)
    Perhaps I misspelled one of the words.
    I'm not in a winking mood. See the NHL thread.
 
 
 
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