I am not a fan of protectionism, but it raises an interesting question. I think that doing locally doesn't necessarily mean protecting locally, competition is still there. Then on top of that, very few countries can actually be self-sufficient with the resources they have, so collaboration is needed globally still. Then, if ownership is decentralized, the entire idea of "nations" starts to disintegrate, especially when a lot of the interaction is borderless. There is a difference between producing locally and nationalism in my opinion. I am not a fan of nations - they get in the way of us being our best selves.
You are viewing a single comment's thread from:
During the COVID situation we saw a lot of countries harbor the vaccines for their citizens even when other nations begged for it until some got bad. That's just a case of this.
Protectionism in terms of technology and information sharing has been gradually increasing the last few years.
I read recently that China takes advantage of some African countries by getting infrastructural contracts and still use Chinese skilled and unskilled labour along with minerals gotten from the Chinese state expressly for the contract.
I dunno if I'm getting my point across.