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Jacob Steelman, Jr.

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Protectionism Didn't Help Copper

Legal SystemU.S. EconomyMonopoly and Competition

08/01/2003Mises Daily Articles
While protectionism may temporarily prop up inefficient industries and businesses, ultimately market forces will prevail, hurting even the favored industry. An insider tells the story of the copper industry--and how it ultimately lost out to fiber optics.
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