Quotes & Sayings About Protectionism

Germany is the biggest economy of Europe and we need Germany on board for the economic reforms of Europe, including, of course, the deepening of the internal market, resisting protectionism, and supporting further economic policy coordination. — Jose Manuel Barroso

The IPL, involving the socialist principle of a salary cap and the protectionist mechanism of quotas, is not perhaps the best example of a market left flourishingly to its own devices and dynamics. — Gideon Haigh

A form of protectionism should be enforced at national level, at least on strategic areas such as agriculture. — Marion Marechal-Le Pen

Protectionism has to be avoided. Protectionism is not only on goods but also in the area of services. Financial protectionism is also bad and should be avoided. — Manmohan Singh

Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism. — Ludwig Von Mises

Protectionism is the institutionalization of economic failure. — Edward Heath

It [the free market] is an organizational way of doing things, featuring openness, which enables millions of people to cooperate and compete without demanding a preliminary clearance of pedigree, nationality, color, race, religion, or wealth. It demands only that each person abide by voluntary principles, that is, by fair play. The free market means willing exchange; it is impersonal justice in the economic sphere and excludes coercion, plunder, theft, protectionism, and other anti-free market ways by which goods and services change hands. — Leonard Read

Central planning inevitably leads to economic chaos and failure.
Friedrich Hayek called the delusion that a single person or a group
of government planners could possibly possess the knowledge to plan
an entire economy a "fatal conceit." The overwhelming historical
evidence is that the more freedom a nation has, the more economic
opportunities will exist and the more dynamic that nation's economy
will be. Likewise, the more regulations, controls, taxes, governmentrun
industries, protectionism, and other forms of interventionism that
exists, the poorer the country will become. — Ziad K. Abdelnour

Social unrest and protectionism are the two major risks of the world economic crisis. — Christine Lagarde

Wherever autocratic power vanished at an early date - as in the Netherlands and later in England - and the protective interest receded into the background, they swiftly discovered that trade must be free - free to the nethermost recesses of hell. — Joseph Alois Schumpeter

It cannot fail to be admitted, that when protectionism raises the price of things, the consumer loses the difference. But, then, it is said, national labor is the gainer. No, it is not the gainer; for since the Act, it is no more encouraged than it was before, to the amount of fifteen francs. The only thing is that, since the Act, the fifteen francs of John Q. Citizen go to the metal trade, while before it was put in force, they were divided between the ironmonger and the bookseller. — Frederic Bastiat

All varieties of the producers' policy are advocated on the ground of their alleged ability to raise the party members' standard of living. Protectionism and economic self-sufficiency, labor union pressure and compulsion, labor legislation, minimum wage rates, public spending, credit expansion, subsidies, and other makeshifts are always recommended by their advocates as the most suitable or the only means to increase the real income of the people for whose votes they canvass. Every contemporary statesman or politician invariably tells his voters: My program will make you as affluent as conditions may permit, while my adversaries' program will bring you want and misery. — Ludwig Von Mises

Since the notion that we should all forsake attachment to race and/or cultural identity and be "just humans" within the framework of white supremacy has usually meant that subordinate groups must surrender their identities, beliefs, values, and assimilate by adopting the values and beliefs of privileged-class whites, rather than promoting racial harmony this thinking has created a fierce cultural protectionism. — Bell Hooks

I've never believed protectionism of that kind will lead us anywhere. I think you can have certain specific rules for engaging with India.. for example, not allowing mineral resources to be taken out of the country.. but there is not a shred of doubt in my mind that when you open an economy you should do it in totality. Foreign investment adds a sense of competition; we should see this as a wake-up call to modernise and upgrade. Companies that do not will undoubtedly die. — Ratan Tata

Blockading squadrons are a means whereby nations seek to prevent their enemies from trading; protective tariffs are a means whereby nations attempt to prevent their own people from trading. What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war. — Henry George

A Call for Revolution, 1993 Libertarianism is rejected by the modern left - which preaches individualism but practices collectivism. Capitalism is rejected by the modern right - which preaches enterprise but practices protectionism. The libertarian faith in the mind of man is rejected by religionists who have faith only in the sins of man ... The libertarian insistence that each man is a sovereign land of liberty, with his primary allegiance to himself, is rejected by patriots who sing of freedom but also shout of banners and boundaries. — Karl Hess

If the United States wants access to Chinese, Indian or Vietnamese markets, we must get access to theirs. U.S. protectionism is very subtle but it is very much there. — Azim Premji

Turning the safety argument on its head, we now propose that what women need in order to maximize their access to public space as citizens is not greater surveillance or protectionism (however well meaning), but the right to take risks. — Shilpa Phadke

In a world dependent on international trade and commerce, and staggering under a heavy load of international debt, no policy is more destructive than protectionism. It cuts off markets, eliminates trade, causes unemployment in the export industries all over the world, depresses the prices of export commodities, especially farm products of the United States. It is the crowning folly of government intervention. — Hans F. Sennholz

Pursuing protectionism is just like locking one's self in a dark room: Wind and rain might be kept outside but so are light and air. — Xi Jinping

Protectionism, socialism, all varieties of state favoritism and restrictions on competition, and the growth of bureaucracy and jobbery were the means by which special interests sought to exploit the public, the great mass of consumers and taxpayers. — Ralph Raico

But public works, economic protectionism, cheap money, 'deficit-financed government spending,' and 'the animal spirits of the spendthrift' in the service of boosting 'consumption demand' ... Doesn't Keynesianism simply appeal to the worst in human nature? — Ilana Mercer

Free trade, far from protectionism, is the path that we should take to make Latin America a thriving actor in the global economy. — Enrique Pena Nieto

narrow-minded protectionism, — Ethan Ang

We don't want protectionism at the heart of the European Union. — Guy Verhofstadt

Economic crises breed war. — Alex Callinicos

The 'low' quality of many American films, and of much American popular culture, induces many art lovers to support cultural protectionism. Few people wish to see the cultural diversity of the world disappear under a wave of American market dominance. — Tyler Cowen

The United States can't keep a completely open system if the rest of the world is less open. The United States may have to take a leaf out of the book of Japan, China, and Germany, and have protectionism inside the system. — Robert Mundell

Modern Western democracies no longer engage in such despotic assaults on freedom, Instead, they deprive people of liberty indirectly, by relieving them of responsibility for their own (allegedly self-injurious) actions and calling the intervention treatment. — Thomas Szasz

We have to remember we're in a global economy. The purpose of fiscal stimulus is not simply to sustain activity in our national economies, but to help the global economy as well, and that's why it's so critical that measures in those packages avoid anything that smacks of protectionism. — Stephen Harper

(I)t is highly questionable whether when 'Europe speaks with one voice', as we are so often told it is doing, anyone is really listening. Europe's reputation as a serious player in international affairs is unenviable. It is a feeble giant who desperate attempts to be taken seriously are largely risible. It has a weak currency and a sluggish inflexible economy, still much reliant on hidden protectionism. It has a shrinking, ageing, population and, with the exception of Britain, rather unimpressive armed forces and, not excepting Britain, muddled diplomacy. — Margaret Thatcher

It is against this concept of the sovereign state, a state isolated by protectionism and militarism, that internationalism must now engage in decisive battle. — Christian Lous Lange

Europe should stick to an open economy, to competition and we should refuse protectionism. It will not save one single job in the long run to protect non-competitive industries. — Anders Fogh Rasmussen

As clear as it is important, the death of Detroit is still mostly ignored. Generally, the slow destruction of a major city would get a fair amount of attention, but the lack of coverage is hardly surprising. After all, the "bad guys" aren't the popular ones. In most circles, condemning taxation, regulation, unionization, welfarism and protectionism is unfashionable. It's necessary to check political correctness at the door and appreciate that the case of Detroit isn't an isolated tragedy. What happened in Detroit could be coming to a city near you. — Dan Greenup

Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity. Free trade is the only philosophy compatible with international peace and prosperity. — Walter Block

Diverting resources into uneconomic uses takes them away from other, more productive areas and costs jobs. Some jobs are lost; others are never created. The uneconomic effects of protectionism benefit a few - usually well-to-do - at the expense of the great majority, including the poor. Protectionism cannot be justified on economic or moral grounds. As Frederic Bastiat wrote, tariffs are "legalized plunder." The law is used to steal. By — Ludwig Von Mises

Libertarianism is rejected by the modern left - which preaches individualism but practices collectivism. Capitalism is rejected by the modern right-which preaches enterprise but practices protectionism. — Karl Hess

The combination of internal controls and international protectionism gave India a distorted economy, underproductive and grossly inefficient, making too few goods, of too low a quality, at too high a price. The resultant stagnation led to snide comments about what Indian economist Raj Krishna called the "Hindu rate of growth," which averaged some 3.5 percent in the first three decades after independence (or, to be more exact, between 1950 and 1980) when other countries in Southeast Asia were growing at 8 to 15 percent or even more. — Shashi Tharoor

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs. — Alan Greenspan

Internal protectionism in Europe would be deadly, really a disaster for European economies. — Jose Manuel Barroso

Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks. — Alan Greenspan

Engineers in the developed world should be arguing not for protectionism but for trade agreements that seek to establish rules that result in a real rise in living standards. This will ensure that outsourcing is a positive force in the developing nation's economy and not an exploitative one. — Brian Behlendorf

But I think that the spirit of protectionism would be the grave of European cinema. You cannot protect something by building a fence around it and thinking that this will help it survive. — Wim Wenders

Oh, do you want protectionism? No, I don't. I just don't want to give my country away to China. — Gerald Celente

Protectionism is a very real danger. It is understandable that in times of a severe downturn protectionist pressures mount but the lessons of history are clear. If we give in to protectionist pressures, we will only send the world into a downward spiral. — Manmohan Singh

If credit expansion, protectionism, and government spending were a path to prosperity, mankind would have long ago created heaven on earth. — Llewellyn Rockwell

The philosophy of protectionism is a philosophy of war. — Ludwig Von Mises

Why, when the economist gives advice to his society, is he so often cooly ignored? He never ceases to preach free trade, and protectionism is growing in the United States. He deplores the perverse effects of minimum wage laws, and the legal minimum is regularly raised each 3 or 5 years. He brands usury laws as a medieval superstition, but no state hurries to repeal its law. — George Stigler

Earlier ages fortified themselves behind the sovereign state, behind protectionism and militarism. — Christian Lous Lange

Protectionism does not produce wealth, and free trade and economic openness are ultimately in everyone's interest — Thomas Piketty