A Quote by Edward Heath

Protectionism is the institutionalization of economic failure. — © Edward Heath
Protectionism is the institutionalization of economic failure.
Protectionism has to be avoided. Protectionism is not only on goods but also in the area of services. Financial protectionism is also bad and should be avoided.
Germany is the biggest economy of Europe and we need Germany on board for the economic reforms of Europe, including, of course, the deepening of the internal market, resisting protectionism, and supporting further economic policy coordination.
Social unrest and protectionism are the two major risks of the world economic crisis.
Women tend to vote the economic interests of their families and to speak out on family economic issues. For men, there's often much more focus on the idea of personal failure: "If I'm not winning this great economic game, it must be my fault."
Notwithstanding what some regard as the institutionalization of compassion, the transfer society quashes genuine virtue. Redistribution of income by means of government coercion is a form of theft. Its supporters attempt to disguise its essential character by claiming that democratic procedures give it legitimacy, but this justification is specious. Theft is theft, whether it be carried out by one thief or by a hundred million thieves acting in concert. And it is impossible to found a good society on the institutionalization of theft.
I think our failure as a caucus has been not to focus on economic issues. I think we - and I'm supportive of all the issues that - that we talk about, but you need an economic - a robust, economic message that - that covers everybody.
But public works, economic protectionism, cheap money, "deficit-financed government spending," and "the animal spirits of the spendthrift in the service of boosting "consumption demand"... Doesn't Keynesianism simply appeal to the worst in human nature?
The philosophy of protectionism is a philosophy of war. The wars of our age are not at variance with popular economic doctrines; they are, on the contrary, the inescapable result of a consistent application of these doctrines.
The notion that somehow through a trade war or protectionism or magical thinking that we're going to return to a romanticized economic past is, in the end, going to be an illusion. And a severe disappointment to millions of decent, hard-working people.
What generates war is the economic philosophy of nationalism: embargoes, trade and foreign exchange controls, monetary devaluation, etc. The philosophy of protectionism is a philosophy of war.
The biggest flaw in the Trump economic plan is the tilt toward protectionism. I have parted company with him on this. The question here is whether his campaign bark will turn out to be bigger than his government-policy bite.
When we set up our kids for failure, we set up our workforce for failure, and we set up our economy for failure. I can't emphasize enough the importance, the absolute importance, of education in achieving long-term economic growth.
Nations are political and military entities, and so are blocs of nations. But it doesn't necessarily follow from this that they are also the basic, salient entities of economic life or that they are particularly useful for probing the mysteries of economic structure, the reasons for rise and decline of wealth. Indeed, the failure of national governments and blocs of nations to force economic life to do their bidding suggests some sort of essential irrelevance.
The danger to America is not in the direction of the failure to maintain its economic position, but in the direction of the failure to maintain its ideals.
If you want peace, you've got to deal with people; you don't just deal with objects. And whether they take it as a responsibility or not, the success or failure in Kosovo is going to be the success or failure of building, first, economic hope, and then trying to heal the damage that's been done.
I think the Respublican party's lost its way. We have given into nativism and protectionism. And I think that, if we're going to be a governing party in the future, and a majority party, we have got to go back to traditional conservatism, limited government, economic freedom, individual responsibility, respect for free trade. Those are the principles that made us who we are.
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