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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: elmatador who wrote (67322)8/12/2005 10:36:42 AM
From: Slagle  Read Replies (1) of 74559
 
elmatador Re: "hampered the industry" You would have never have had a domestic auto industry in the first place if it were not protected, at least in the beginning, behind high tariff walls. Lets say that back in those days your market was completely open to imports, and without the protective tariff.

Importers would have been able to control your market and every time some local investor would try to build a car manufacturing company these importers would have just flooded your market with low priced product, below cost if need be to prevent the establishment of a domestic competitor. History is full of examples.

And that is EXACTLY the position that small nations everywhere are in right now, those nations which do not ALREADY have established domestic industry.

This is one of many reasons globalism must end.
Slagle
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