Are there any ethical arguments against trade protectionism?

Yes, there are ethical arguments against trade protectionism, including issues of fairness, inequality, and global responsibility.

Trade protectionism, which involves the use of tariffs, quotas, and other measures to protect domestic industries from foreign competition, can be seen as ethically problematic for several reasons. Firstly, it can be argued that protectionism is fundamentally unfair. It artificially inflates the prices of imported goods, making them less competitive than they would be in a free market. This can be seen as a form of economic manipulation that disadvantages foreign producers and consumers who prefer their products.

Secondly, trade protectionism can exacerbate global inequality. By protecting domestic industries, wealthy countries can prevent developing nations from accessing their markets and thus limit their economic growth. This can perpetuate a cycle of poverty and dependence, as these countries are unable to develop their own industries and must rely on exports to the protected markets. This is particularly problematic in the context of globalisation, where economic interdependence is increasingly important.

Thirdly, there is an argument that trade protectionism is a shirking of global responsibility. In a globalised world, countries have a duty to act in ways that benefit the global community, not just their own citizens. By implementing protectionist policies, countries are prioritising their own interests over the wellbeing of others. This can lead to resentment and conflict, undermining international relations and cooperation.

Finally, trade protectionism can be seen as ethically problematic because it can lead to inefficiency and waste. By protecting inefficient industries, countries are effectively subsidising failure. This can lead to a misallocation of resources, with money and effort being wasted on industries that are not competitive. This is not only economically inefficient, but also ethically questionable, as it can lead to unnecessary hardship for workers and consumers.

In conclusion, while trade protectionism may have some short-term benefits for domestic industries, there are significant ethical arguments against it. These include issues of fairness, global inequality, global responsibility, and economic inefficiency.