Protectionism is not really aligned with capitalism.
If anything, this example shows that free trade between nations does indeed drive innovation, as China’s electric vehicle market has produced a lot of innovation.
Capitalism is NOT free trade. Capitalism is the wedding of industrialization, nation-states and capital markets. In fact, protectionism is only possible under capitalism, it wouldn’t make any sense under any prior system like feudalism.
![[Shitpost] Capitalism Breeds Innovation](https://sh.itjust.works/pictrs/image/c9c4817b-1167-4956-80f1-04281d61b680.jpeg){kind=link}
Protectionism is not really aligned with capitalism.
If anything, this example shows that free trade between nations does indeed drive innovation, as China’s electric vehicle market has produced a lot of innovation.
Capitalism is NOT free trade. Capitalism is the wedding of industrialization, nation-states and capital markets. In fact, protectionism is only possible under capitalism, it wouldn’t make any sense under any prior system like feudalism.