Yes the government has the duty to protect citizens from foreign competition and loss. If all the businesses in the country are owned by foreigners what future or success will the citizens of the country have? I believe that foreigners can't just come into the country and we the citizens are at a loss and they are gaining. If the citizens of the country are at a loss what will happen to the economy of the country? Sometimes the foreigners don't employ citizens of the country but employ people from their country and that's where the problem is. I believe that the government of any country should not allow this to happen.
It is the government's duty to ensure that the country stays ahead of others, or on an equal playing field. Not only is it in the interest of its citizens, it is also in the interest of the country and it's economy. Protecting citizens from foreign competition and loss not only helps the individual citizens, but also the country, as a whole.
Every day we send jobs out of the country and take away valuable jobs needlessly. If there is any more competition, we will lose what little this country has left, which is not much.
A government should put the interests of its nation first. This includes economics, which means the government has a duty to protect its citizens from foreign competition and loss. A government who fails to do so will find its country victim to other countries where governments do put their interests first.
The government does have a duty to protect its citizens from foreign competition and loss. We as a nation are dependent on our economy to survive so the government does have a duty legally or at least morally to defend our economy. Without a good economy our country will shrivel and die and become dependent on other nations. Therefore, if our nation wants to survive there are certain measures that have to be taken.
I believe the U. S. government should do all things possible to protect its country and citizens from foreign competition, both in the form of business and citizenship. This starts with ensuring that major businesses and corporations retain at least 75% of its operations in the United States, including manufacturing and distribution of products and services. This will help keep Americans employed, and the economy stable, hindering the ability of foreign competition.
While I do not think that the government can fully control the way that US businesses choose to outsource work or where companies can get their raw materials from, I think the government should have some way to help citizens from being outsourced out of jobs. Probably the best solution would be tax breaks or incentives to US businesses, that would make it more appealing for them to keep more of their business in the United States.
Governments of countries routinely face business competition on many fronts, and without intervention they could lose many of their jobs overseas. While many might argue that allowing the free market system to work ensures the greatest efficiency, that ignores the need for a country to keep their people employed. Additionally, those employed in areas that concern national security can not have their jobs lost to foreign competition entirely and that can range from the transportation to the food to the medical sectors. Governments are elected to serve and protect, and the end game of allowing jobs to migrate overseas is allowing your country to fed, clothed, transported and protected by others. Not much of a country is it?
China has put up tariffs against the us, considering cost of living differences, between there and here its only prudent to put tariffs up so they have to play on a level playing field. We ship a new ford explorer there for 28,000 dollars here the Chinese people have to pay 87,000 there ,on 3 dollars an hour it would never sell. But they can send a 40.00 dvd player here, when you spend 40.00 just to make it here and run our businesses out of business or they move to China and we loose jobs. Because of this is what tariffs are supposed to be used for. And China knows how to play this game. Look around America and you will see unemployment everywhere. It is some what protectionism. But we need something in place. Cause China is not going to raise there workers wages. We need fair competition not unfair.
The problem in the U.S is: we are not a true capitalistic free market. This is due to Corporate lobbied intrusion. U.S and foreign companies have lobbied out competition. In a true free market I could open Mc Doogles next to McDonalds with out fear of being sued for copyright infringement. The government has been lobbied to only produce and grant certain numbers of permits in certain business limiting competition. Many markets are mandated forcing citizens to purchase inferior products(Insurances good example)
If corporate America truly had to fear losing profit to foreign competition they might make better decisions concerning U.S markets. If U.S citizens do not have the money to purchase U.S company goods they may provide better paying jobs and work conditions.
But, the U.S constitution was written by fifty wealthy white men to protect their assets. It excluded nearly two thirds of the population. So why should we expect any less from today's Government?
Competition, rivalry, and hostility are products of a point of view that sees human beings as struggling for a piece of the slice of pie that is life, instead of working together to reach it together. Countries should work together to take down internal barriers and specialize so that the human effort of many nations can mutually support each other rather than tear each other down.
One of the consequences of the protection tariffs set up in the United States against foreign competitors was the other countries retaliated with tariffs on American goods being exported there. This caused a worldwide slowdown of trade and prolonged the Great Depression. Trying to protect companies from foreign competition is never ultimately beneficial.
The market needs to be allowed to function on its own. If the government gets involved, then this will result in higher prices. Foreign competition is good for the economy. It stimulates domestic companies to be more efficient, while maintaining lower prices to stay competitive. It also leads them to increase quality to compete. This is the benefit of competition to the consumer.
When a government restricts free trade in order to prevent competition, whether it is from within or without, it creates a monopoly-type situation which cannot be beneficial for anyone. This creates a communist-style financial situation, where the government is controlling all prices, restricting all trade, and the economy will eventually collapse.
The US is a free market economy and a capitalist country. If the government protects citizens too much, citizens will become lazy and uncompetitive. For instance, before Japanese cars entered the US market, American car makers were producing inefficient cars and were not interested in product innovation. Because of having to deal with Japanese cars later on, US car manufacturers became more diligent in product improvement. Therefore foreign competition is a good thing.
Changes in the economy that hurt particular industries and categories of workers can occur because of capital's opportunity to obtain cheaper labor abroad, but they may also occur because of domestic competition and technological change--the need for government action to promote social welfare remains the same. To frame the issue as one of protection from foreign competition predisposes one to protectionist policies that should be embraced only with caution, since free trade facilitates economic growth broadly over time. Even when such measures are used, they should be thought of as a way to rein in the power of corporations, not to oppose foreign workers' access to increased opportunity. The distinction is subtle but important, because it emphasizes the costs of interfering with trade. Government investment, jobs, training, and social services are a better first response to economic instability than to limit trade.
More and more we are seeing that it's a global economy. To compete in a global economy it is very short-sighted for a government to try to protect citizens from foreign competition and loss. To do so would be to hurt us in the long run because competition is only going to serve to make us stronger.
I agree that the government does have the duty to protect its citizen from foreign competition and loss but in more larger context but in the broader way that can happen only when there is free trade liberalization. When there is free trade within the country, there will be free flow of goods and services. This will be more beneficial for citizens and states of the country.
It is in the best interests of citizens to be successful in business; this benefits the country and the citizens. The government has a duty to protect the best interests of its citizens even in business ventures. Although there is a fine line which should be observed, the government should protect the business interests of its citizens through tax and tariff policies. While some foreign competition is good, if a product is available locally, there should be incentives (price) for the citizens to purchase the local product.
Protectionism is a failed experiment. All of the countries who practiced protectionism in the 20th Century experienced spectacular economic failure as a result, and have since abandoned the practice. If only for that reason, governments should not protect their citizens from foreign competition and loss. Furthermore, competition on a global scale is beneficial for all participants - competing for the cheapest goods and labor helps businesses grow and thrive, and brings work to the parts of the world where citizens need money the most. Government shouldn't act to prevent foreign competition, because it will do much more harm than good.
Protectionism to protect against foreign competition may help the economy in the short run, but will cause great harm in the long run. The main reason for this comes from the fact that imposing tariffs on imported goods will cause other countries to counter-tariff ours. This makes it harder for producers to import goods at a reasonable price, which can depress wages, cause business closures, and stifle technological progress because it could make otherwise-viable ventures too expensive to pursue.