I’ve just read an article by Mike Collins – a straight-shooting, knowledgeable & experienced editor and manufacturing consultant. If you haven’t seen his post ‘Balancing Our Trade Is Not Protectionism‘ yet, you should. It’s fantastic, like most everything else this champion of US manufacturing writes.
There isn’t much to deny here. Mike describes how and why free trade and our policies have led us to critical economic straights, and – I believe, correctly – assigns who’s been steering this course for the last 20 years.
But I do have one bone to pick with Mike – and it’s the title. I don’t mean to single Mike out (this just gave me a chance to plug a fine piece by a fine US manufacturing ambassador). I actually have a problem with the overall misrepresentation of the term ‘protectionism.’ While it may seem like I’m splitting hairs, I think it’s time we stop vilifying the term as though it’s a bad thing.
The fact is, it’s not. On the contrary, protectionism – in just about any form you can think of – is a staple of healthy, successful economies, businesses, families and lives.