Is protectionism unfair? Do we have to help the third world develop through free trade?

Answer 1

If we believe in an open opportunity market, protectionism is unfair. To say that you believe in free enterprise and then seek to prevent certain parts of the population from participating freely in the market is contradictory. We don't need an answer to poverty as much as we need economic justice. If we can achieve economic justice, then poverty will cease to be a problem.

Answer 2

Yes, protectionism is unfair to consumers -- why should the government intrude on your choice of whether to buy product A or product B? Protectionism BY DEFINITION means the government is forcing you as a consumer to make a undesirable choice that is bad for you, that you wouldn't make of your own free will.

We don't engage in free trade to help any other country. It DOES help trading partners, because free trade is good for both parties. But the reason we do it is because it makes US richer. No one individual or business buys an imported product unless doing so is better for them than the alternative. That's what's so immensely stupid about interfering with free trade.

Answer 3

Kevin, is an economic legend, everytime he gets the first good answer out of hte blocks.

Protectionism is unfair to foreign businesses, countries, AND domestic consumers.

Why should I pay X dollars for good Y, when I can pay half it to get it form another country if i was able to. Why should consumers be forced to play so much more money so a domestic shareholder can make huge profits.

Trade benefits society overall. Consumers benefit SO MUCH MORE from free trade than local businesses lose, and business as a whole gains, because of new opportunities in foreign markets.

Answer 4

Here's the deal.

When you help someone get going, they really get going, and once they've got going then you benefit, so it may look like charity now, but you're really helping yourself.

Like buying a house. It looks like your "rent" went up (as mortgages are higher), and you have to take care of all the repairs yourself, but that "higher rent" is merely you paying yourself for later when you can make a huge profit or not have a monthly payment at all.

I know it's difficult for some people to wrap their minds around, but it's called the Big Picture, and when you look at it, you make wise choices.

Answer 5

Think of it as a long-term investment. Helping the third world develop also develops future markets for us.

Answer 6

truthfully, in case you probably did a sprint examine you will locate out that the definition "third worldwide" has been formally governed out of use, it somewhat is to not say that human beings dont use such definition anymore those days. the hot definition utilized to the then third worldwide worldwide places is "bobbing up worldwide places", which potential those worldwide places are presently below attitude of financial progression. Yeah, it is going to take a minimum of a few many years for those worldwide places to attain more suitable worldwide places status, however the replace is underway. basically check out worldwide places such as India, Russia, Mexico, Brazil, South africa, Argentina, Chile Turkey, Bulgaria..they're the best bobbing up worldwide places, in additional suitable status of financial progression. maximum of them strengthen at rates larger than worldwide places of OECD and a few are anticipating that in the process two many years provide or take, a number of those worldwide places would be granted more suitable worldwide places status.

Answer 7

Yes it's unfair, no we don't have to help anyone.

BUT, in order to preserve a good image on the world political stage, we SHOULD encourage globalization and we SHOULD help the third world TO THE DEGREE THAT IT WANTS OUR HELP.

Answer 8

We dont have to help anyone. But I feel as a Human that we should at least lend support if asked to.