Tuesday, April 11, 2017

The Future of Protectionism

        It is clear, America has lost manufacturing jobs to third world countries. These poorer countries are unfair competition that are willing to ruin the environment, abuse human rights, pay employees nearly nothing, and likely have unrespectable government policies. Any wealthy country would automatically be destroyed by these unfair trade advantages. In the modern world, total companies can be obliterated by cheap, foreign competition (it is hard for a steel company to adapt into a different industry). I propose that wealthy nations should have free trade only amongst themselves. Then the poorer countries will be taxed at an appropriate rate.

          This would truly allow the “rich” countries of the world to become richer. Plus, it may be in the political interest to curb rising totalitarian superpowers with a tax that will damper the countries growth. First world countries are more “equal” competition, while a “third world” country may be an unfair competition.

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