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Isn't the idea of protectionism and economic nationalism closer to socialism than it is to free market capitalism? When someone complains that better cars are made elsewhere in the world and that importation of those cars should be very heavily regulated, or even ceased, aren't they disrupting the natural forces of a capitalist economy? Correct me if i'm wrong, but isn't free trade and strong competitive pressure two of the pillars of capitalism? What protectionism enables is an economic safety bubble in which economic forces are artificially controlled, limiting growth, and which ultimately also hurts consumption. How can any self-proclaimed capitalist defend this? Advocates of protectionism and economic nationalism essentially want to live in a world where an economy is artificially controlled by its state.
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>>132837041
> Isn't the idea of protectionism and economic nationalism closer to socialism than it is to free market capitalism?
Yes, Nationalism is generally collectivist or somewhat left.
> How can any self-proclaimed capitalist defend this? Advocates of protectionism and economic nationalism essentially want to live in a world where an economy is artificially controlled by its state.
Most of the advocates of it aren't advocates of unbridled capitalism or self-proclaimed capitalists.
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>>132837041
Countries are alternative markets.
If you really believe in free markets and capitalism you believe in nations with borders where there are different regulations and people that live in those countries focus their efforts on things that rewards them and then can trade with other nations.
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>>132837362
See graph
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