Just an answer to Sharon Ní Bheoláin on protectionism

Mr Aphorisms

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She just asked on RTÉ with a smirk 'where has protectionism ever worked?' This after it looks like Trump will do something good with TPP. Anyway, I just have a few countries that have used protectionism and tariffs and who have all benefited from it:

  • America
  • Britain
  • France
  • Germany
  • Austria
  • Sweden
  • Japan
  • South Korea
  • China
  • Taiwan
  • Austria
  • Belgium
  • Switzerland
  • Spain
  • Finland

Before they were hoodwinked into the 'terrible deals' especially those Uruguay Rounds, when the first world countries, especially America under Reagan, engaged in severe protectionism for themselves, some third world countries using tariffs and protectionism had growth rates doubling Britain during the Industrial Revolution, for example. After the abandonment of the 'bad old days' using these policies, their economies stagnated, as well as a whole host of problems with services, food scarcity and more.

No problem, Sharon.
 


Vega1447

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She just asked on RTÉ with a smirk 'where has protectionism ever worked?' This after it looks like Trump will do something good with TPP. Anyway, I just have a few countries that have used protectionism and tariffs and who have all benefited from it:

  • America
  • Britain
  • France
  • Germany
  • Austria
  • Sweden
  • Japan
  • South Korea
  • China
  • Taiwan
  • Austria
  • Belgium
  • Switzerland
  • Spain
  • Finland

Before they were hoodwinked into the 'terrible deals' especially those Uruguay Rounds, when the first world countries, especially America under Reagan, engaged in severe protectionism for themselves, some third world countries using tariffs and protectionism had growth rates doubling Britain during the Industrial Revolution, for example. After the abandonment of the 'bad old days' using these policies, their economies stagnated, as well as a whole host of problems with services, food scarcity and more.

No problem, Sharon.
Care to justify your list?
 

GDPR

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Sharon would do better to stick to smiling attractively and reading out her script.
 

Vega1447

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Anyone who knows anything about economic history knows this list is fully correct and justified.
Well stone me to death with a sponge for asking. *Slinks off*
 

Mr Aphorisms

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Care to justify your list?
I have, many times on this forum. I won't go over an infamous long OP that went into some detail about this. Anyway:



Thread, if you're interested http://www.politics.ie/forum/economy/249678-utopian-capitalism.html

I should have went into Japan a lot more in that OP. They were bending over for the yanks after WW2, but doing the opposite of what they were told with business and their economy. Japan had economic policies that stopped monopolies from forming helping small businesses and subsidized and protected the 'best built cars in the world', Toyota. Great communist cars, aren't they?
 

wombat

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Surprised that the list doesn't include the greatest example of successful protectionism ever, ever, in history of mankind. Up DeV:lol:
 

Johnny

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Ní Bheoláin is yet another one of RTÉ's vacuous state propagandists who is woefully out of her depth with anything other than a simple script in front of her written in very large font - much like that thundering idiot Dobson beside her.
 

GDPR

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Surprised that the list doesn't include the greatest example of successful protectionism ever, ever, in history of mankind. Up DeV:lol:
Ireland did build up its best companies during that period. Only a fool would suggest that being utterly dependent on US money laundering and tax evasion operations is a viable long term economic strategy.
 

itsonlyme

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Smiling attractively she can manage but that's where it ends ! sorry for being so hateful !
 

mossyman

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Vega1447

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I have, many times on this forum. I won't go over an infamous long OP that went into some detail about this. Anyway:



Thread, if you're interested http://www.politics.ie/forum/economy/249678-utopian-capitalism.html

I should have went into Japan a lot more in that OP. They were bending over for the yanks after WW2, but doing the opposite of what they were told with business and their economy. Japan had economic policies that stopped monopolies from forming helping small businesses and subsidized and protected the 'best built cars in the world', Toyota. Great communist cars, aren't they?
How does the Table demonstrate that (as they may well have done) the listed countries benefited from tariffs?
 

Mr Aphorisms

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'where has protectionism ever worked?' I provided numerous countries that have and had tariffs and these countries seem to be doing fine. These countries also used protectionism, vigorously, see the linked thread.

Did I say that tariffs stimulated their whole economies? No. Did I say that they were the sole cause of success? No. I showed empirically and in the linked thread, that protectionism and tariffs have worked in numerous countries, especially the powerhouses of the world economy, such as Britain and America. You know quite well what the point of the OP was.

Sharon was getting at the 'tariffs never work' guff, when they clearly have when used. Unless the countries mentioned were and are all epic failures when they had and still have tariffs?

I think you need to stop reading the fairytales from Paul Krugman, Thomas Friedman and Barack Obama about 'free trade'. Sharon needs to stop listening to the D4 headers from the economics department in UCD as well. Who probably give her all this useless 'knowledge'.

I also don't give a bollix about any abstraction be it Austrian, Chicago, Marxist, etc. I go by empirical evidence. By most posters on this site, this would mean most successful countries are socialist because they're statist. I've no problem with that view, puerile as it is however.
 
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The Field Marshal

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What is a Sharon Ní Bheoláin?

I am one of the few people who can decipher cuneiform and yet am scratching my head as to what those strange sounding words mean.
 

freewillie

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Protectionism is just one of a number of economic tools. In certain circumstances it will work but the right approach is to know when to reduce increase or eliminate the level of protectionism
 

Erudite Caveman

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She just asked on RTÉ with a smirk 'where has protectionism ever worked?' This after it looks like Trump will do something good with TPP. Anyway, I just have a few countries that have used protectionism and tariffs and who have all benefited from it:

  • America
  • Britain
  • France
  • Germany
  • Austria
  • Sweden
  • Japan
  • South Korea
  • China
  • Taiwan
  • Austria
  • Belgium
  • Switzerland
  • Spain
  • Finland

Before they were hoodwinked into the 'terrible deals' especially those Uruguay Rounds, when the first world countries, especially America under Reagan, engaged in severe protectionism for themselves, some third world countries using tariffs and protectionism had growth rates doubling Britain during the Industrial Revolution, for example. After the abandonment of the 'bad old days' using these policies, their economies stagnated, as well as a whole host of problems with services, food scarcity and more.

No problem, Sharon.
As half arsed, hand wavey answers go, it is a zinger.
 

Cellachán Chaisil

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Protectionism is just one of a number of economic tools. In certain circumstances it will work but the right approach is to know when to reduce increase or eliminate the level of protectionism
I have to agree. No economic system can be absolute.
 

Dame_Enda

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I have, many times on this forum. I won't go over an infamous long OP that went into some detail about this. Anyway:



Thread, if you're interested http://www.politics.ie/forum/economy/249678-utopian-capitalism.html

I should have went into Japan a lot more in that OP. They were bending over for the yanks after WW2, but doing the opposite of what they were told with business and their economy. Japan had economic policies that stopped monopolies from forming helping small businesses and subsidized and protected the 'best built cars in the world', Toyota. Great communist cars, aren't they?
An argument could be made based on that that the Wall Street Crash may or may not have been a long-term result of the drop in US tariffs from 44% to 37%, among other things.
 


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