Tuesday, February 24, 2009
The Stench Of Protectionism
I can barely stand to read Paul Craig Roberts any more, at least on the economy. His nonsensical protectionism leaps out with every sentence. He believes we should be forced at gunpoint to buy shoddy, overpriced American goods, so that "ladders of mobility" aren't destroyed for Americans (even if the "mobility" comes from producing goods nobody wants to buy). Roberts could care less about helping millions of people climb out of (far more serious) poverty in developing countries. This ridiculous economic nationalism seems to have become increasingly popular with both conservatives and leftists.