Thursday, May 26, 2016

The Rise of Protections Illustrates How History Repeats #TradeWars

News
Rising protectionism, a short-sighted policy pursued by those that do not understand practical economics, generally leads to retaliation (especially by those financing excessive spending habits). While this arrangement should be bloody obvious today, it won't be recognized until liquidation intensifies in 2017. After that, the finger pointing of blame, a process that invariably extends outward rather than inward, will engulf the headlines.

Trade wars, protections, and other fear-driven policies from immigration to economics support the trend from cooperation to separation.  History repeats because human behavior is driven more by instincts than reasoning.  The general inability to rearrange this behavior represents a catastrophic failure of the education system globally.  These concepts will never be taught by standardized tests or memorization.

Headline: US hits China and others with more steep steel duties

The U.S. Department of Commerce has imposed more duties on corrosion-resistant steel imports from China and elsewhere in an effort to protect its industry from a glut of steel imports from around the world.


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