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walkingman

(8,824 posts)
6. Yes - but....
Thu Feb 6, 2025, 11:18 AM
Thursday
I also understand national security and china flooding the market with cheap cars putting US made cars out of business.


So the protectionism is to protect our domestic production of automobiles (jobs). Benefiting a small number of producers at the expense of American consumers.

When we impose a tariff, they are likely to retaliate, both nations putting tariffs on each other’s goods, which disrupts our supply chains and again at the expense of the American consumer.

Want to know why the billionaires and multinational companies "kiss the ring"? Because this picking and choosing of winners by the government creates opportunities for corruption, so they seek to influence policy to gain protection from competition.

All of this causes a lack of trust in our economic system at the expense of the American consumer.

A protectionist economy leads to higher prices for consumers due to reduced competition from foreign goods, which puts the interests of domestic producers ahead of consumers.

In a consumer based economy this is the perfect recipe for INEQUALITY.

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