What should we think of a developing country that protected its young industries with high tariffs, stole technologies from established nations, used government aid to develop manufacturing and farming, limited foreign ownership of land, devalued its money in defiance of international wishes, imposed currency controls, and even allowed secessionist provinces to default on foreign debt? The country would probably be drummed out of the World Trade Organization and blacklisted by the International Monetary Fund. Well, the country in question is the United States of America.
Especially egregious is the agricultural policy which protects subsidized US farmers from foreign competition, forces Americans to pay artificially high produce prices, and makes a cynical sham of our posturing on free trade and open borders.
A nicely written Op-ed piece by Robert Knutter in the Boston Globe