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. Anonymous said...

    Abi,

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

  2. Ramnath said...

    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.