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Cato Podcast

The Protectionist Impulse

Cato Podcast

Cato Institute

Government, Policy, 424708, Immigration, Defense, Peace, Politics, News, Cato, Libertarian, News Commentary, Markets

4.5979 Ratings

🗓️ 7 September 2016

⏱️ 10 minutes

🧾️ Download transcript

Summary

The benefits of trade may be all around us, but that doesn't mean we're naturally supportive of it. Dan Pearson explains.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Wednesday, September 7th, 2016.

0:07.0

I'm Caleb Brown. In fact, we may all be a little bit protectionist.

0:11.0

It's a basic impulse according to Cato Senior

0:13.7

Fellow Dan Pearson, that the benefits of trade require a sort of multi-stage

0:18.1

thinking for us to reject those protectionist impulses. We spoke yesterday.

0:25.0

Well I think that we have kind of a fundamental protectionist bias. I'm not saying we're all protectionists, but our evolution

0:38.6

was such that in our groups of hunters and gatherers that our ancestors were in for tens of thousands of years,

0:47.0

they had to be self-sufficient.

0:50.0

And people who weren't self-sufficient didn't survive and so I think that very strong

0:54.8

concept of taking care of ourselves, taking care of the small group that worked its

0:59.5

way into our gene pool and we still live with that every day. I mean there are a couple of ways

1:05.2

you can acquire stuff and trade is the least problematic of those. Oh yes you know our ancestors of course they would have

1:14.8

constantly been under threat but if they ran into another group they would

1:20.5

always be wondering okay are these people just looking for sustenance like

1:25.8

we are or are they on the war path?

1:28.4

And until it was determined that these foreigners were safe, there was a great deal of hesitation

1:36.5

and suspicion.

1:37.7

Once there was enough trust to allow a discussion, then trade started to happen because the one group would have some

1:47.5

cowry shells that were very pretty that they had in excess and the other group would have some new arrowheads and trade would happen and

1:57.2

both sides would come out ahead and everyone in the group would understand that they

2:00.6

had come out ahead in that exchange. It was very tangible, unlike international

2:04.6

trade today, which takes place at a great distance and across borders that we can't see.

...

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