… is from Thomas Sowell, 5th edition (2015), page 491. Basic economics:
At any given time, a protective tariff or other import restriction can provide immediate relief to a particular industry and thus garner the political and financial support of corporations and labor unions in that industry. But, like many political advantages, it comes at the expense of others who are disorganized, invisible, or voiceless.
DBX: Yes.
Show me a sincere guard and if he or she does the same thing in other areas of life regarding business and trade policy – I’ll show you a guy who’s going to be in a movie 15 minutes later. He then insists on letting others know what the film is about and how it ends. Such a person can read only the first dozen pages of a long novel and then trust himself to fully understand the novel’s arc and conclusion. This person constantly interrupts conversations and jumps to conclusions about what other people think and mean. This conservationist only listens to the first six seconds of The Beatles all you need is love And conclude that it is simply another copy of “La Marseillaise.”
