The Perils of Protectionism

Source

Protectionism is the expression of a sentiment that opposes economic progress.

Protectionism is destructive

The anti-globalization movement falls into this category. Its followers are the Luddites of today as they behave like those who sabotaged the labor-saving machines in earlier times. The earlier saboteurs wanted to keep their jobs in the wrong belief that it would be better for them…

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Antony Mueller

Antony Mueller

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Dr. Antony P. Mueller is a German professor of economics who currently teaches in Brazil. See his Author Facebook Page: https://www.facebook.com/AntonyPMueller