On Protectionism

As a person from India, I must say that potectionism for USA makes sense. Its bad for India, but good for USA for a couple of decades at least.

With free trade, the poor and less able American worker will be reduced to 3rd world standards. The only way to keep him rich like he is now is through protectionism.

Without barriers, people will be paid according to ability. Some 2 million Indians will earn well like top technocrats of USA. Some 20 million Chinese will too - in manufacturing jobs they will take away from Japan and others. But 100 million average Americans who dont have brains to do real quality work will lose their standard of living - they will earn minimum wage and will have no hope.

If there is justice, these dumb Americans deserve to live in their level of (in) competence. If there is justice, top Indian technocrats and hard working Chinese factory workers will get their due in salary, reaching developed world standards.

But 100 million Americans will lose their standard of living for this justice.

It would be stupid of the American govt not to protect them, thinking only of abstract justice - and I dont think US will stay away from protectionism, they are too smart for that. They know which side of their bread is buttered.