Comments on: The Perils of Protectionism https://misesindia.in/2023/03/11/the-perils-of-protectionism/ Economics, Freedom and Peace Sun, 14 May 2023 01:46:04 +0000 hourly 1 By: jt https://misesindia.in/2023/03/11/the-perils-of-protectionism/#comment-284681 Sun, 14 May 2023 01:46:04 +0000 https://misesindia.in/?p=3665#comment-284681 In reply to Barun Mitra.

Assam wants to protect hand-loom weavers from power-loom…do they also want to go back to the dark ages ? instead of embracing technology they want to oppose it…i am so angry at them

]]> By: Mises India https://misesindia.in/2023/03/11/the-perils-of-protectionism/#comment-277268 Thu, 06 Apr 2023 05:28:49 +0000 https://misesindia.in/?p=3665#comment-277268 In reply to Barun Mitra.

And that is why understanding the true nature of the state is very important for everyone.

]]> By: Barun Mitra https://misesindia.in/2023/03/11/the-perils-of-protectionism/#comment-276238 Fri, 31 Mar 2023 12:43:02 +0000 https://misesindia.in/?p=3665#comment-276238 Ideas have no boundaries. Likewise protectionism has no boundaries, it is only a function of the prevailing politics as to where a boundary may be drawn. But then the issue is not just about trade restrictions or protectionism, but a plethora of laws and regulations that hamper, restrain or prohibit, directly or indirectly, almost every voluntary transaction. This has been possible because almost everyone believes that it is legitimate to exercise political power to regulate and control the economy, since everyone hopes that politics will intervene to protect their particular interest. This divides citizens into various fragments of interest groups each fighting for a larger share of political patronage. Consequently, politics degenerates into a tool to divide the people and rule over them.

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