But I guess that begs the question: is it really protectionism for a government to lends its resources to domestic private industry? I think there has to be a distinction between government helping industry become more competitive, and government directly intervening to benefit industry because it can't compete internationally. In for the former case government is helping to improve efficiency and competitiveness while in the latter government is in effect fostering inefficiency and uncompetitiveness by shielding companies from stronger competition.
Last edited by AdamT; 09-06-11 at 01:14 PM.
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)