“The EU, China, and Japan all talk free trade, and they all practice protectionism” Wilbur Ross.
Protectionism only protects the Government. It does not defend obsolete industries, does not create jobs and certainly does not support growth. It only protects the government that imposes it, because the governments present themselves as saviors of the effects of something that they have no power to change. Progress and competition. As Henry George said, “what protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war”. Continue reading Tariffs Are The Worst Way To Combat Protectionism
The end of the era of cheap money highlights the risk of “Enron-style” bankruptcies in many sectors, including renewable energy. With the path of three rate hikes in the United States in 2018 confirmed by the Federal Reserve and a nervous equity market, the challenges are more evident than ever.