Pressures for protectionism under Orwellian euphemisms
Is free trade still possible? Economically, perhaps, but politically, in an industrial world still cursed by high unemployment and slow recovery from the 1973-75 recession, it is getting harder and harder to defend. The nine nations of the European Community, which, ironically, was founded precisely to free trade among its members, have put up barrier after barrier against foreign goods. In the U.S. two actions within the past fortnight have dramatized the growing clamor for restrictions against imports of steel, textiles, shoes, TV sets and dozens of other items. At the end of September, Zenith Radio...
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