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Sounds like a defense of protectionism to me.


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Sounds like a case of protectionism?

This just sounds like a bunch of excuses for supporting a protectionist set of policies.

ah yes, protectionism.

Yup. That's protectionism for you.

This just seems a naked protectionism argument.

So it's basically thinly veiled protectionism.

I think you're right that protectionism is not a great analogy here.

Well, that's pretty much what the current protectionism is doing.

Protectionism.

protectionism.

Protectionism.

Protectionism.

US protectionism would like a word with you.

Protectionism means you're protecting inefficient industries. In a global marketplace, this means industries in other countries will out-compete yours.

Protectionism in other words?

This goes beyond protectionism. It's more like mercantilism.

https://en.wikipedia.org/wiki/Mercantilism


But that is not protectionism.

Like economic protectionism?

> consuming value to force your people to create less value

That's the "spherical cow on a frictionless plane in a vacuum" of economics.

Protectionism is probably a good idea when the competitor is temporarily subsidizing various industries to build a permanent comparative advantage that can then be abused, either by being an effective monopoly, or by shaping your enemies to be logistically unprepared for war.

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