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@ praxeologist
2024-09-27 07:47:32
I used to believe that tariffs and economic protectionism were mainly about individual freedom or lowering prices. But I’ve come to realize they are tied to something even more critical—global peace. When countries engage in protectionist policies, it restricts free trade, heightens tensions, and can eventually escalate into full-scale conflict. A historical example is America’s protectionism in the early 1930s, which severely impacted Germany’s economy. With the U.S. as its biggest trading partner, Germany’s economy collapsed, unemployment soared, and this environment helped bring the National Socialist German Workers' Party to power.
So no matter how much you brag about not supporting Ukraine and call yourself a peacemaker, your policies might tell a different story.
#grownostr #Liberalism #EconomicPolicy #Economics #Politics #FreeTrade #History #Ukraine #War