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From: govett@avsd.UUCP (David Govett)
Newsgroups: comp.sys.amiga,comp.sys.atari.st,comp.sys.ibm.pc,comp.sys.mac,sci.electronics,comp.arch
Subject: Re: Protectionism
Message-ID: <73@avsd.UUCP>
Date: 4 Apr 88 16:31:24 GMT
References: <2441@unicus.UUCP> <1259@hubcap.UUCP> <1641@ncsuvx.ncsu.edu> <1519@dataio.Data-IO.COM>
Organization: Ampex Advanced Technology Division, Redwood City, CA
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> Most economists today agree that one of the major causes of the Great
> Depression in the 30's was when Congress passed major protectionist
> legislation. Remember history when you propose new protectionist policies.
> 


Speaking of history, protectionism didn't seem to hurt Japan's economy
much in the 1950s, 1960s, 1970s, or 1980s.  Nor has it hurt the Korean
economy.  (Of course they both had/have relatively free access to our 
market.)

Isn't a more rational economic policy, then, to close our market
and open theirs?

FYI, Japanese per-capita GNP now exceeds ours by more than $1000
(largely attributable to exchange rate fluctuation).