One of the excuses for levying protective tariffs is to protect emerging domestic industries. However, this kind of protectionism, contrary to popular opinion, leaves an economy worse off every time.
Soham Patil
Soham Patil is a high school senior at Symbiosis International School. He is passionate about Austrian Economics and Philosophy.
Latest work
Socialists are obsessed with eliminating the need to work . They contend that it amounts to coercion that is oppressive. However, they fail to understand the implications of what it means to choose to...
Fair trade is an increasingly politically popular idea, and opponents of the free market see it as a moral way to fix market abuse. Proponents of fair trade argue that free trade favors developed...
