I've seen this gif a lot showing that global inequality is falling. But no one seems to notice or mention that the main driver - emerging Chinese middle class - happens in the most protectionist country. https://ourworldindata.org/global-economic-inequality …pic.twitter.com/bEfsPUCT8D
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This is nothing but a conjencture but i suspect some protectionism (tariffs, very mild autarky) could be a viable alternative to high levels of taxation to keep society intact. Not so much to replace government revenues but to make it easier to make it on your own.
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Let me try to synthetize the idea. 1 there is a tradeoff between redistribution via taxes and inequality (helps) and productivity (hurts). 2 i propose the same is true for tariffs. 3 w/o global governance the world seem to default to protectionism anyway. 4 accept as lesser evil.
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Cool I was going to ask you to do that. To put things in concrete terms, if Africa had better competent protectionist policies their people would be forced to make shoes, apparel, etc., which might even be better than gov't handouts generated by tax revenue.
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