Wednesday, March 02, 2005
Good? Bad? Protectionism?
What do you say when a writer from The Straits Times makes statements like these?
Good protectionism allows market forces to play out in the larger arena, but targets specific sectors, or jobs, with measures.Repeated criticism gets monotonous and sounds churlish after a while.
Bad protectionism, in contrast, seeks to impose blanket bans or requirements which stymie the profit motive or work incentive.
[T]o require those vying for government contracts to hire older workers, is another example of bad protectionism, because it imposes an additional cost on contractors which will ultimately be passed on to the purchasing Government.
Good protectionism, in contrast, will reward companies for hiring older workers.
Comments:
Succinct!
"[T]o require those vying for government contracts to hire older workers, is...bad protectionism, because it imposes an additional cost on contractors which will ultimately be passed on to the purchasing Government.
Good protectionism, in contrast, will reward companies for hiring older workers."
The cost of said reward (of dishing it out, of administering it) being supplied by blue faeries.
Don't these people at least know some basic economics?
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"[T]o require those vying for government contracts to hire older workers, is...bad protectionism, because it imposes an additional cost on contractors which will ultimately be passed on to the purchasing Government.
Good protectionism, in contrast, will reward companies for hiring older workers."
The cost of said reward (of dishing it out, of administering it) being supplied by blue faeries.
Don't these people at least know some basic economics?
