Economical Protectionism Versus Free Trade. … tectionism


While that’s true in many cases, a few points undermine its importance:
First, US business is made up primarily by services, not manufacturing. Sure, manufacturing suffers, but that is a tiny part of the US economy, so most people in the US aren’t hurt by it.
Second, people in the US already have many unfair advantages compared to other countries: stable society, high employment rate, English as a first language (and therefore globally marketable language ability essentially from birth).
And third, the argument does not apply to all industries. Agriculture is heavily susidized, and foreign growers can’t compete with those in the US because the US farmers have to recoup significantly less cost to make a profit.

Why is economical protectionism demonized in contrast to free trade? Is protectionism ever successful?