Protectionism: An American Tradition
FROM IAN FLETCHER’S book, Free Trade Doesn’t Work: What Should Replace it and Why:
The idea that America’s economic tradition has been economic liberty, laissez faire, and wide-open cowboy capitalism – which would naturally include free trade – resonates well with our national mythology. It fits the image of this country held by both the Right (which celebrates this tradition) and the Left (which bemoans it). It is believed both here and abroad. But when it comes to trade at least, it is simply not real history. The reality is that all four presidents on Mount Rushmore were protectionists. (Even Jefferson came around after the War of 1812.) Protectionism is, in fact, the real American Way. (p. 131) (more…)




