Monday, August 13, 2007

The Essence of Protectionism (amv)

Cafe Hayek's Don Boudreaux reveals the nature of protectionism:
"Protectionism" ultimately rests upon the threat to use violence against innocent persons engaged in peaceful commerce."
And he goes on:
"Most of the time the coercive nature of protectionism is concealed -- out of view -- because consumers and producers harmed by it are deterred by the threat of violence from freely trading: the coercive nature of protectionism remains largely hidden. The thieves persuade the state to perform the threats; it all looks so clean and antiseptic and 'policy-ish.'"
Boudreaux reminds me of F. Bastiat!