Home
/
RELIGION & LIBERTY ONLINE
/
Protectionism is economic suicide
Protectionism is economic suicide
Dec 10, 2025 5:55 PM

The most charitable assumption you can make about people who support tariffs and other forms of protectionism is that they are economically illiterate. But if they are able to demonstrate they understand the economics of protectionism and still support such policies, then we are justified in assuming they don’t care about harming their neighbor.

This binary choice may sound overly simplistic—after all, aren’t most policy plex?—but it really is that clear-cut. As Mark J. Perry explains,

It’s a scientifically and mathematically provable fact that all tariffs, at any time and in any country, will harm economic growth, eliminate net jobs, destroy prosperity, and lower the standard of living of the protectionist country because tariffs are guaranteed by the ironclad laws of economics to generate costs to consumers that outweigh the benefits to producers, i.e. tariffs will always impose deadweight losses on the protectionist country . . . That is, the reality that tariffs always inflict great economic damage and leave society worse off is not a debatable e, rather it’s a provable fact, like the law of gravity.

Why then if protectionism is as Perry says, actually a job-destroying, prosperity-destroying form of economic suicide and an economic death wish” do so many American support such policies? Perry offers 25 reasons, my favorite ten of which are:

1. The false belief that trade is a zero-sum game (win-lose), when in fact it’s win-win.

2. The costs of protectionism to consumers are mostly hidden.

3. The benefits of protectionism to producers are easily identifiable and visible.

14. The pathological, but false obsession that exports are good.

15. The pathological, but false obsession that imports are bad.

18. Many Americans think that exporting US products is patriotic.

19. Many Americans think that importing foreign products is unpatriotic.

20. The false belief that trade deficits are a sign of economic weakness.

23. The general lack of economic literacy among the general public.

24. The general lack of economic literacy among politicians, or their intentional disregard for the economics of protectionism in favor of enacting public policies that help them get re-elected.

All of Perry’s reasons are important, but I think we could transform our economy—and significantly increase human flourishing in America—if we could just eliminate #1, #19, #23, and #24. Read the rest of Perry’s reasons here.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Of Men, Mountains, and Mining
Here’s a brief report from The Environmental Report on mountain-top removal mining, and the increasing involvement of religious groups weighing in on the question. One of these groups is Christians for the Mountains. A quote by the group’s co-founder Allen Johnson was noteworthy, “We cannot destroy God’s creation in order to have a temporal economy.” One other thing that struck me about the interview is that the AmeriCorp involvement smacks of “rebranding” secular environmentalism. Add the magic words “creation care”...
Acton Commentary: Hollywood’s Radical Che Chic
Was the real Che Guevara a lover of “humanity, justice and truth”? In mentary today, Bruce Edward Walker reviews Steven Soderbergh’s new four-hour “Che” film epic and discovers “a cinematic paean to one of the twentieth-century’s most infamous butchers.” Read the mentary at the Acton Institute website. ...
The ‘P’ Word
This guy fails the ‘anthropological Rorshach’ test: Jonathon Porritt, who chairs the government’s Sustainable Development Commission, says curbing population growth through contraception and abortion must be at the heart of policies to fight global warming. He says political leaders and green campaigners should stop dodging the issue of environmental harm caused by an expanding population. The 2 child limit that Porritt encourages is not just an attempt to limit population growth, but is instead a policy that would put the...
PBR: History Casts Doubt
In response to the question, “What is wrong with socialism?” I can hardly do better than Pope John Paul II, who wrote in Centesimus Annus, “the fundamental error of socialism is anthropological in nature,” because socialism maintains, “that the good of the individual can be realized without reference to his free choice.” The socialist experiment is attractive because its model is the family, a situation in which each gives according to his ability and receives according to his need—and it...
PBR: Socialism Tyrannizes
In response to the question, “What is wrong with socialism?” In answering this question we could point to the historical instances of socialist regimes and their abhorrent record on treatment of human beings. But the supporters of socialism might just as well argue that these examples are not truly relevant because each historical instance of socialism has particular contextual corruptions. Thus, these regimes have never really manifested the ideal that socialism offers. So on a more abstract or ideal level,...
More on ‘The Moral Bankruptcy Behind the Bailouts’
“Government budgets are moral documents,” is the often quoted line from Jim Wallis of Sojourners and other religious left leaders. Wallis also adds that “When politicians present their budgets, they are really presenting their priorities.” There is perhaps no better example of a spending bill lacking moral soundness than the current stimulus package being debated in the U.S. Senate. In mentary this week, “The Moral Bankruptcy Behind the Bailouts,” I offer clear reasons how spending more does not equate to...
Acton Commentary: The Moral Bankruptcy Behind the Bailouts
Amid the Washington clamor for more and bigger bailouts, a few brave voices among elected officials and government veterans are being raised about the moral disaster looming behind massive government spending programs. If we ignore these warnings, writes Ray Nothstine in today’s Acton Commentary, we may be “continuing down a path that may usher in an ever greater financial crisis.” Read the mentary here and share ments below. ...
Vatican Condemnation of anti-Semitism Unchanged Despite Misstep on Holocaust Denier
The pope has certainly earned his salary this week. In his attempt to heal a schism, he inadvertently set off a fire storm. As most everyone knows by now, the pontiff lifted the munication of four bishops illicitly ordained by the late Archbishop Marcel Lefevbre in 1988, whose dissent from the Second Vatican Council drew a small but fervent following. One of these bishops, Richard Williamson, is a holocaust denier. To understand the saga, it is necessary to peel back...
PBR: What is Wrong with Socialism?
This week we introduce a new regular feature we’re calling “PowerBlog Ramblings” (PBR). The concept is simple: we’ll post a question along with some background for why that question has been selected, and various PowerBlog contributors and guests will respond to that question. We’ve named this feature “PowerBlog Ramblings” in part as an allusion to the publication with which the institute’s namesake Lord Acton was closely associated for a time, The Rambler, which was in part aimed “to provide a...
PBR: Aristotle on What is Wrong with Socialism
In response to the question, “What is wrong with socialism?” Writing well over 2000 years ago, Aristotle answered Plato, whose Republic advocated socialism, thusly: What mon to the greatest number gets the least amount of care. People pay most attention to what is their own: they care less for what mon; or, at any rate, they care for it only to the extent to which each is individually concerned. Even when there is no other cause for inattention, people are...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved