Comment by Al-Khwarizmi

19 days ago

Yes, but China has always been straightforward in that they believe in protectionism. It's part of their system.

In contrast, in the West (at least until a few years ago), we have been fed the discourse that free market without protectionism is the best model, and protectionist countries are sabotaging themselves. And I don't know how it was in the US, but in the EU this caused hardship to many people. Entire countries pretty much sacrificed whole industries to the free market gods, because it was more efficient to bring the merchandise from elsewhere. Opponents who were defending their livelihood were framed as reactionaries that were opposing +X% GDP gains or didn't want "free competition" (often against products with unbeatable prices due to being made in countries with totally different rules and labor standards).

Now it seems that the system that supposedly was so bad gives an unfair advantage, so if others apply it the only defense is to apply it as well... but the free market apologists won't shut up anyway, in spite of the obvious cognitive dissonance.

Don’t forget the new use for tariffs. To force your allies to allow you to annex their territory.

There has long been a strong undercurrent of people who are for protectionism. Remember Ross Perot (many reading this were not even born in 1992 when he got popular as a third party presidential candidate) and his Giant sucking sound?

there are many people in America who don't believe in protectionism, but we lost this time.