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'Fair Trade' Lifts the Wrong Boats
Tweet Share on Facebook November 30, 2006 CommentWhom does protectionism really protect? Too often, it protects the weakest competitors–while allowing them to get weaker. In a Darwinian way, protectionism also benefits the very people you're trying to protect yourself against. By making it harder for the threatening firms or nations to compete on your home turf, it forces them to adapt to a tough environment, which makes them even tougher. And if the dikes ever fall and protections disappear, the adapters thrive while the pampered perish.
