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October 15, 2008
No Wonder Protectionism is on the Rise
I'm not normally one to whine about how Americans take so little interest in the affairs of other nations. But I couldn't help noticing this morning that my daily paper, the Columbus Dispatch, did not include any mention of yesterday's parliamentary elections in Canada. This is one of the 30 or so largest daily papers in the U.S., in the capital city of a state which shares an extensive (albeit lake) border with Canada, the United States' largest trading partner. Trade between Ohio and Canada amounts to about $30 billion annually, about six times the trade between Ohio and any other foreign nation. It has been estimated that over 200,000 Ohio jobs are dependent on trade with Canada. I found not a word about the Canadian elections in either the print or on-line editions of the Dispatch. By the way, for those interested, the ruling party, the free-trading Conservatives, returned an increased plurality, but still fell short of a majority. They are expected to form another minority government. At the same time, the anti-NAFTA, anti-trade New Democratic Party and Green Party both gained seats in parliament. Posted by Brad Smith at 11:12 AM in Politics
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The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith
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