Home
/
RELIGION & LIBERTY ONLINE
/
Protectionism is economic suicide
Protectionism is economic suicide
Nov 1, 2025 12:19 AM

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
Neuhaus and the Academy
Part of the reason Richard John Neuhaus will be remembered is for his impact on Christians in higher education. There is no question that his seminal book The Naked Public Square and then his journal First Things changed the way many of us think about religion and culture. He also did something I think is nearly impossible with FT. He created a serious journal that causes many people (a great many of them professors) to do a little dance when...
Remembering Father Richard John Neuhaus
For those concerned with a vigorous intellectual engagement of the religious idea with the secular culture, these past 12 months have been a difficult period. On February 28, 2008, William F. Buckley, Jr. the intellectual godfather of the conservative movement in America, died. Only last month, Avery Cardinal Dulles, SJ, passed away at 90 years old. Cardinal Dulles was one of the Catholic Church’s most prominent theologians, a thinker of great subtlety, and a descendent from a veritable American Brahmin...
Cardinal Cormac Murphy O’Connor and the ‘Death’ of Capitalism
Cardinal Cormac Murphy-O’Connor, the Roman Catholic Archbishop of Westminster and President of the Bishops’ Conference of England and Wales, has touched off a row over remarks he made recently concerning the demise of capitalism. Here’s the context from the Daily Telegraph, a British newspaper: [the Cardinal] made the astonishing claim at a lavish fund-raising dinner at Claridges which secured pledges of hundreds of thousands of pounds for the catholic church. The Cardinal, dressed in his full clerical regalia, said in...
Summing Up a Great Man’s Life
Richard John Neuhaus is dead. We’ve lost some big ones in the last year. Many of you will not realize how big this one was. I pray Jody Bottum and some of the others in the First Things (Neuhaus’ hugely influential journal) world can carry on his legacy. Though Neuhaus’ death leaves a chasm to be filled, I think Dr. Bottum is the right man for it. Anthony Sacramone is a former managing editor of First Things. He is also...
One Good Thing about Term Limits
I’m ambivalent about the value of term limits, but one thing that can certainly be counted in their favor is that they (at some point at least), force lawmakers to go out and try to make a living in the economic environment which they helped to shape. In Michigan, nearly half of the 110-member House of Representatives will consist of new members. Of the 46 new members, 44 ing from seats that were open because of term limits. And now...
Conservative/Libertarian Books for the Acton Reader
It is the new year and the time of reflection is upon us. In 2008, we witnessed a revolutionary left-liberal presidential victory and the onset of substantial economic challenges. Under the circumstances, I thought now might be a good time to propose a list of outstanding books for the intellectually curious friend or fellow traveler. I would not dare attempt to put these in order based on excellence. Just consider it a series of number ones. 1. Lancelot by Walker...
Farewell, Father Neuhaus
First Things has announced that Father Richard John Neuhaus died this morning. I am hardly qualified to write a eulogy, having never met the man. No doubt others, including one or two Acton colleagues who knew him better, will perform this service admirably. But I pelled to offer a few words, as I have long admired Fr. Neuhaus and his vital work, in particular the journal he edited for many years, First Things (FT). In the mid-1990s, I was a...
Acton Commentary: A Second Opinion on Employer Responsibility for Heath Care
Health care reform is likely to move back into the public eye as a new Congress and a new Obama administration prepare to start work this month. In this week’s Acton Commentary, Dr. Don Condit argues for a move away from employer funded health care benefits to a portable system. “Corporate human resources departments should not be viewed as the main source of support for Americans’ health care,” he writes. “The iniquitous government subsidy for employer-based health care could be...
G.K. Chesterton: The Flying Inn
After finals, I cranked through some books! Among those, one of G.K. Chesterton’s fictional works, The Flying Inn. Chesterton was a prolific author. He’s well-known in some circles for his fictional work, particularly his “Father Brown” mystery series. (I haven’t tried those yet.) In this realm, I had read (and enjoyed) the classic The Man Who Was Thursday. His non-fiction is oft-quoted but rarely read (like Dorothy Sayers and to a lesser extent, C.S. Lewis). That’s a shame, because it...
Book Review: My Grandfather’s Son
Perhaps the most striking theme of Associate Justice Clarence Thomas’s autobiography My Grandfather’s Son is just how many obstacles Thomas had to e to reach the high judicial position he currently holds. Thomas was born into poverty, abandoned by his father, and was raised in the segregated South all before achieving the American Dream. At the same time, it was Thomas’s poverty-stricken circumstances that would help propel him to a world of greater opportunity. Because of his mother’s poverty, when...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved