People are gonna hate this answer but the best products are made in a properly competitive market.
Yep, that. Protectionism leads to worse results for everyone except a handful of people who profit in the short term. Long-term, even the companies whose immediate profits are being protected will suffer as they make worse quality products that eventually no one wants to buy. Only the people who are in a position to grab some profits and run get any benefit.
Protectionism literally helped South Korea and China become technologically advanced. One of the ways for developing countries to actually make progress is to own their own market via protectionist policies. Whatever you said is just plain wrong.
Yep, that. Protectionism leads to worse results for everyone except a handful of people who profit in the short term. Long-term, even the companies whose immediate profits are being protected will suffer as they make worse quality products that eventually no one wants to buy. Only the people who are in a position to grab some profits and run get any benefit.
Capitalism, socialism, communism, whatever, doesn’t matter.
Protectionism literally helped South Korea and China become technologically advanced. One of the ways for developing countries to actually make progress is to own their own market via protectionist policies. Whatever you said is just plain wrong.