Protectionism
"Protection is but the law of nature, the law of self-preservation, of self-development, of securing the highest and best destiny of the race of man."
"The vast majority of our imports come from outside the country."
Protectionism, also known as Economic Nationalism or the fundamentalist version called
Autarky (closed economy), is an ideology that believes that an economy of a nation should be protected against foreign influence for reasons that vary depending on who you ask.
Generally, it is to promote and develop the local industry, not to be a simple importer of manufactures, so that the foreign industry does not devour the local industry and prevent foreign companies from buying local companies.
Variants
Autarky
Autarky is a fundamentalist version of protectionism that supports a completely closed-off economy from foreign goods.
Fair-Trade Protectionism
Fair-Trade Protectionism involves implementing protectionist measures in a way that aligns with fair trade principles, such as imposing tariffs or quotas on imports of goods produced under unfair labor conditions or environmental practices. The aim would be to protect domestic producers who adhere to fair trade standards from being undercut by cheaper imports produced under exploitative conditions. It focuses in particular on commodities, or products that are typically exported from developing countries to developed countries.
Neo-Mercantilism
Neomercantilism is a school of international economic thought which espouses an export-orientated economy, with subsidies and regulations favoring national business and larger corporate entities, over foreign competition.
This model of trade became popular in the United States during the 1970s when American firms were suffering from competition from the Japanese industry.
Examples of countries with an export-orientated economic model include:
Personality
TBA
How to Draw
- Draw a ball
- Color it grey
- Inside the ball, draw an orange-red shield
- Add two eyes
Finished!
Color Name | HEX | RGB | |
---|---|---|---|
Gray | #A0A0A0 | rgb(160, 160, 160) | |
Orange-Red | #DA4830 | rgb(218, 72, 48) |
Relationships
Friends
National Conservatism &
Right-Wing Populism - Right-wing protectionists are based!
Left-Wing Nationalism &
Left-Wing Populism - Left-wingers can be protectionists too!
Welfare Chauvinism - Protecting the social benefits of the natives from the immigrants? Sounds great!
Mercantilism - My father from whom I learned a lot, love you, dad!
Isolationism - Protecting the land and resources as well as trades from foreigners is based AF.
Nationalism - Glory to our nation!
Paleoconservatism - Protect America!
Bidenism - You too? Welcome aboard!
De Francism - Great implementation of me!
Ilminism - Based anti-commie.
Juche - Based commie.
Hoxhaism - Another based commie.
Marxism-Leninism - Socialism in one country is very effective.
Coolidgism - The only libertarian that I like.
Integral Neo-Darwinism - Best RightLib.
Alter-Globalism - A globalist who actually understands the importance of me and respects fair trade.
Ingsoc &
Death Worship &
Neo-Bolshevism - 1984 is based.
Frenemies
Keynesian School - Do you want to protecc or not?
Trumpism - I love your tariffs! MAGA!
But you are planning to use me in a stupid fashion for your second termRomanian Liberalism - You did a good job in your country, but nowadays you're a
filthy neolib.
Alt-Lite,
Alt-Right - You can be pretty cool sometimes, but a lot of you are also free-market fundamentalists.
Paleolibertarianism - At least we both backed up
Pat Buchanan and
Donald Trump, also
Rothbard said that tariffs are less bad than NAFTA.
Social Democracy - Some of you guys are pretty cool (but not as cool as
him), but a lot of your followers embrace global frere trade as well.
Social Liberalism - Often even more loving of global free trade, but apparently a good chunk of your Canadian followers really like me.
American Model - You hypocritically used me to become one of the strongest nations in history, but then turned around and punished others who did the same.
Enemies
Classical Liberalism - Adam Smith's "invisible hand" isn't real, learn from
him! Henry Clay was based tho.
Liberal Conservatism - You have ruined conservatism!
Libertarianism - You need to ditch free trade.
Neoliberalism - Economic globalization is NOT inevitable!!! And if it was, it would be a bad thing.
Conservative Neoliberalism &
Neoconservatism - F#€k Reagan, F#€k Thatcher!
Neo-Libertarianism - Even worse than his father.
Globalism - Globalism is not very good for the nation.
Georgism - I don't like the "free trade" part of your slogan.
Agorism - What do you mean that people would resort to the black markets rather than pay tariffs?
Anarcho-Capitalism - My worst enemy.
Neighborstan - No! I don't want your stupid products!
Further Information
Literature
- National System of Political Economy by Friedrich List
- Kicking away the ladder by Ha-Joon-chang
- America's Protectionist Takeoff, 1815–1914: The Neglected American School of Political Economy by
Michael Hudson
- Views of an ex-president by
Benjamin Harrison
- The Great Challenge: The Myth of Laissez-Faire in the Early Republic by Frank Bourgin
Criticisms
- Protection or Free Trade? by
Henry George
- Resisting Protectionism: Global Industries and the Politics of International Trade by
Helen Milner
- Benjamin Harrison by
Bruce Adelson
- Ideas and Their Consequences: Benjamin Harrison and the Seeds of Economic Crisis, 1889-1893 by
Mark Zachary Taylor
- [1] by
Eugene V. Debs
Wikipedia
- Autarky
- Protectionism
- Economic sanctions
- Economic nationalism
- Infant industry argument
- Import substitution industrialization
- Trade barrier
- Regional lockout
- American School (economics)
- Approved Permit (Malaysia)
YouTube
Videos
- Autarky is a National Security Threat by
Stephen Michael Davis
- The Truth About Tariffs by
Mr Beat
- Can Tariffs Actually Work? by
Economics Explained