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Comment by rat87

Some people don't like protectionism because in the long term it's worse for both countries. You have a short term benefit of protecting a handful of jobs in exchange for vastly more expensive goods for everyone as well as more expensive inputs to your other products undercutting other local industries. Protectionism is popular because the benifits for the few are visible while the downsides are diffuse but add up. And in the end your business ends up going out of business anyway like the Soviet factories
parent rat87 1 year ago

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