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India Makes The Anti-Dumping Mistake With Steel and Thereby Makes All Indians Poorer
07/06/2015
The point and purpose of having a government is to make the population, the citizenry, richer. There’s some things that simply have to be done and which can only be done by government: defence of the realm, the creation of a criminal justice system, these sorts of things. There’s also things that might be useful to do and which government can do reasonably well: say, as in this case, the regulation of foreign trade. But it is still increasing the wealth and income of the citizenry which is the underlying aim: and by imposing anti-dumping tariffs upon foreign steel India is making its own citizens poorer. This really isn’t the point and purpose of having a government at all. Therefore, it’s not something a government should do.
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