China Quote by Thorstein Veblen
“A protective tariff is a typical conspiracy in restraint of trade.”
About This Quote
Source Book: The Theory of the Leisure Class, 1899
He labels protective tariffs as conspiratorial restraints on free trade.
In simple terms: Tariffs act like conspiracies limiting trade.
Key Takeaway
Question the true motives of trade policies.
Themes
economics
politics
trade policy
Mood
critical
analytical
Type
economic
political
When to use this quote
- government negotiations
- business strategy
- consumer pricing
Key Concepts
market freedom
government intervention
economic power
Questions to Reflect On
- Do tariffs benefit any groups?
- How do they affect consumers?
A Different Perspective
Tariffs may also protect nascent industries.
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