Saturday 21 Jul 2018 | 18:11 | SYDNEY
Saturday 21 Jul 2018 | 18:11 | SYDNEY

Protectionism by any other name

By

Sam Roggeveen

@SamRoggeveen

29 May 2009 14:53

Smoot-Hawley is a dirty word and old-fashioned protectionism is out of fashion. But at least protectionism had the virtue of clarity — as Mark Thirlwell wrote earlier this month, the modern practice is what's known as 'murky protectionism', a sly mix of subsidies, 'buy local' provisions and other tricks. Andrew Norton has details of the Australian Government's contribution to this odious trend, which it calls 'industry assistance'.