It will be said, however, that protection tends to destroy…
“It will be said, however, that protection tends to destroy commerce, the civilizer of mankind. Directly the reverse, however, is the fact.”
About This Quote
Source Economic treatise
Protectionist policies can harm trade and civilization; the opposite is true.
In simple terms: Protection harms commerce.
Key Takeaway
Support free trade for societal progress.
Themes
economics
trade
policy
civilization
Mood
analytical
critical
Type
philosophical
inspirational
When to use this quote
- government regulation
- international markets
- business strategy
Key Concepts
liberalism
mercantilism
Questions to Reflect On
- Should all protection be removed?
- When is protection justified?
A Different Perspective
Overprotective measures sometimes necessary for nascent industries.