Trade Protectionism

My thoughts on trade protectionism are actually kinda fraught?

Like, it turns out the ability of global capital to reposition itself with unlimited freedom just means that all work is done by the lowest bidder, with labor going to the country that has the fewest anti-slave-labor laws and food safety regulations on the books, right?

Trade makes us all richer but protecting a local industry by pushing out gigantic international incumbents - like with dairy, or the CBC - also can be good?

China’s ridiculous digital protectionism utterly sucks, but also China’s software industry wasn’t completely flattened by FAANG like it was in the entire western world.

Lots of local industries here are choked by practices that are so shady they almost feel like racketeering - tomato companies disappearing any stock that goes over quota so that they don’t ruin the price of tomatoes as part of a vast tomato conspiracy, in order to preserve the profitability of tomato growers. Dairy prices artificially inflated so high that a basket of cheese feels like a treasure chest. (i mean, it is)

Canada is just chock-a-block with local cartels enforcing profitable little fiefdoms - with oligopolies that collude to create monopolistic behavior.

Bad for the consumer and yet when trade disaster strikes we suddenly have no oranges but a lot of tomatoes and cheese.

I think the analogy I go to for this is that off-the-grid subsistence farming where you compost your own feces is miserable, but also living in 400 square feet downtown doing gig-work for pennies and doordashing everything you want to eat is miserable:

sane trade policy lives somewhere in the middle, so trade protectionism vs globalism both exist on a spectrum where total adherence to one or the other is going to be… bad

“maybe we need worker protections but also mcdonalds” is the kind of lukewarm centrist take you should expect from me