Monday, November 20, 2006

James Surowiecki on protectionism

From this excellent article in the New Yorker:

... [P]rotectionist rules flourish because the benefits are concentrated among a small number of easy-to-identify winners, while the costs are spread out across the entire population.

2 comments:

  1. Abi,

    Offtopic. But your feed is not working/not showing updates.

    ReplyDelete
  2. Corollary: Protectionist rules flourish because the costs are concentrated among a small number of easy-to-identify losers, while the benefits are spread out across the entire population.

    ReplyDelete

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