A Generation of Delinquent Teenagers

On today’s show we are talking about how some trade measures make no sense whatsoever.

If you have children who grow into adults, you know that if those children become overly dependent on their parents, they ultimately fail to launch. These are the children in their 30’s and 40’s still living at home with their parents and having their parents subsidize their lifestyle. There is no incentive for them to figure out how to become an adult because  they don’t have to. 

When countries overly coddle their industries under the guise of protecting domestic jobs, they are doing the same thing as coddling an adult child and not sending them out into the world to prosper. 

When an industry is protected, it’s the same as letting your teenager hang out in your basement for the next 20 years. They’re content with the status quo, but they’re not really achieving great things. This brings us to the walled gardens of protectionist economics. If you want to see what protectionism results in, look at the Ontario egg farmers and their quota system.

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