Free Trade vs Protectionism (user search)
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  Free Trade vs Protectionism (search mode)
Pages: [1]
Poll
Question: Which do you believe is the best economic policy.
#1
Free Trade
 
#2
Protectionism
 
Show Pie Chart
Partisan results

Total Voters: 62

Author Topic: Free Trade vs Protectionism  (Read 14097 times)
stegosaurus
Jr. Member
***
Posts: 628
United States


Political Matrix
E: -0.26, S: 1.83

« on: January 11, 2012, 07:49:17 PM »

Free trade does little but flood the markets with cheap foreign goods that harm industry and encourage over consumption. Protectionism is a more acceptable economic model as it has a clear micro-economic benefit which offsets the cost. Furthermore, a proper protectionist system would allow us to replace the income and corporate taxes with a tariff-based revenue system - putting even more money back into local economies that are now operating on a level playing field.
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stegosaurus
Jr. Member
***
Posts: 628
United States


Political Matrix
E: -0.26, S: 1.83

« Reply #1 on: January 11, 2012, 08:24:17 PM »

Free trade does little but flood the markets with cheap foreign goods that harm industry and encourage over consumption. Protectionism is a more acceptable economic model as it has a clear micro-economic benefit which offsets the cost. Furthermore, a proper protectionist system would allow us to replace the income and corporate taxes with a tariff-based revenue system - putting even more money back into local economies that are now operating on a level playing field.

Yeah because Smoot-Hawley was such a great idea that helped alleviate the economic crises of the late 1920's and Hoover won a landslide re-election.

Oh wait.............

The Smoot-Hawley Act was fairly inconsequential to the Great Depression, mainly because it tackled an unrelated problem (the primary causes of the Great Depression related to the money supply and the banking system,  not trade policy)...

Secondly, let's not fall into the pitfalls of assholery; let's at least try to disagree civilly.
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