Protectionism is nothing if not socialistic. It proposes, in the public interest, to modify the natural course of trade and production, and to do this by depriving the citizen of his privilege of buying in the cheapest market. Yet the protectionist is not to be called, therefore, a Socialist, since the Socialist would not only have the state determine what shall be produced, but he would have the state itself undertake the production.
Francis Amasa Walker (Davis R. Dewey, ed.), Discussions of Economics and Statistics, Volume II (1899), p. 260.
Categories
Francis Amasa Walker
