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Politics : Formerly About Applied Materials

AMAT 226.05

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Nov 14 3:59 PM EST

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To: Big Bucks who wrote (24980)	10/7/1998 9:11:00 AM
From: Katherine Derbyshire	Read Replies (2) of 70976

The thing about protectionism is that it cuts both ways. Help a farmer by blocking cheap Asian rice, and you hurt a programmer or a stockbroker because Asia can't buy from him. Prevent civil disruptions in the US, and you cause or exacerbate them in Asia. Worst case, you have a major war in Asia that ends up killing American soldiers. In your scenario, (which I happen to mostly agree with) there will certainly be political pressure favoring protectionist policies, and at least some such policies will probably pass. That doesn't make them a good idea. Katherine

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