Protectionism isn't strictly left or right; it's a policy favoring domestic industry through tariffs/quotas, historically linked to both economic nationalism (right) and left-wing concerns about jobs/inequality from globalization, appearing across the political spectrum, including in populist movements. While free trade is traditionally associated with right-wing/liberal economics, protectionism's appeal stems from different motives: leftists may seek worker protection, while right-wing nationalists focus on national economic self-sufficiency, making it a cross-ideological tool, as seen with modern Trump-era Republicans and some Democrats.
Proponents argue that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors and raise government revenue.
The iron and steel industry, and the wool industry, were the well-organized interests groups that demanded, and usually obtained, high tariffs through support of the Republican Party.
Trumpist protectionism, in this sense, is not a limitation of US capitalism but an attempt to save it from its crisis of profitability and loss of competitive advantages, using state power as a shield to preserve privileged positions that could no longer be sustained through pure competition in global markets.
Parties of the centre-right generally support liberal democracy, capitalism, the market economy (though they may accept government regulation to control monopolies), private property rights, and a limited welfare state (for example, government provision of education and medical care).
Political Spectrums Explained — Why is there a left wing and right wing?
What is left wing in the UK?
It is sometimes used as shorthand for groups aligned with the Labour Party. It can also refer to other individuals, groups and political parties that have sought egalitarian changes in the economic, political, and cultural institutions of the United Kingdom.
Musk has been described as being closely associated with techno-libertarians, ideologically a libertarian authoritarian, and has more recently been described as far-right in regards to European politics.
The opposite of protectionism is the free market or free trade. It implies the absence of trade barriers that would hinder the exchange of goods or services between countries. The free market is based on the elimination of artificial barriers to the international exchange of goods and services.
Despite the bluster, economists from the left, right, and center have laid out the utilitarian case against protectionism in recent months: Tariffs are just taxes on imports that raise prices for consumers, distort market signals, provoke retaliatory trade barriers, and benefit the (often politically connected) few at ...
Did the protectionist party become the liberal party?
The roots of the Liberal Party of Australia lie in the Commonwealth Liberal Party (CLP), the first cohesive anti-Labor political organisation in Australia. The CLP was created in 1909 through the fusion of two Federation-era political movements – Alfred Deakin's Protectionist Party and Joseph Cook's Free Trade Party.
protectionism, policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions or handicaps placed on the imports of foreign competitors.
For many within the conservative movement, tariffs are a betrayal of free-market economics and a rejection of the “true spirit” of Reagan conservatism. Further, protectionism is often assumed to be a policy favored by progressives and socialists.
Protectionism is generally considered bad by economists due to increased consumer prices, reduced innovation, and inefficiency, often leading to trade wars; however, proponents argue it can protect nascent domestic industries (infant industry argument), save jobs, and ensure national security, as seen in examples like Japan's auto industry, but outcomes are mixed and often negative, like the Smoot-Hawley tariffs.
Adam Smith is best known today as the father of modern economics. His most famous work, An Inquiry into the Nature and Causes of the Wealth of Nations, continues to be regarded as the foundation text for the study of the relationship between society, politics, commerce and prosperity.
Protectionism is expected to increase in 2025. Regime changes, geopolitical rivalries and climate change are just a few factors that will continue to push countries to look inward.
Economists, going back to Adam Smith and David Ricardo, are virtually unanimous that free trade benefits consumers and the overall economy. But there exist special interests who would gain in the short run from protectionist barriers.
Socialism. In 1918, Einstein was one of the founding members of the German Democratic Party, a liberal party. However, later in his life, Einstein was in favor of socialism and in opposition to capitalism.
In the time since, Musk has become more vocal about his views, frequently promoting falsehoods about election fraud. As a result, he has been described as conservative, although he rejects the label and calls himself a moderate.
“Capitalism is the real source of evils.” This is what Einstein wrote in his essay “why socialism?” where he criticizes capitalism and advocates for socialism 🛠️⚒️ #politics #philosophy #government #capitalism #communism.
It is viewed critically by some socialists, who reject it as utopian socialism and for its methodology, and by some religious figures and popes, who rejected socialism's compatibility with Christianity due to its perceived atheism and materialism.
John 16:33 means Jesus prepared his followers for worldly troubles, promising them inner peace and courage through Him, because He has already achieved ultimate victory over sin, death, and the forces of evil in the "world," giving them hope and strength to overcome their own struggles. It's a message of reassurance that while life will bring hardship, believers aren't defeated but can find lasting peace by staying connected to Christ.
