[MarcusVorenus]

>Protectionism is how every nation on the planet developed

You must be joking. Countries with open markets develop way faster than protectionist countries. If mercantilism is so good then why are the Asian Tigers doing so well and communist countries doing so bad?

[biokoda]

What does communism have to do with anything? Protectionism is exactly how the Asian Tigers developed their economies. You don't have to take it from me, read it from a prominent South Korean economist: http://www.amazon.com/Things-They-Dont-About-Capitalism/dp/1...

[scott_s]

Protectionism is not synonymous with communism. Most capitalistic countries - including the US - practices protectionism in a variety of ways.