Home
/
RELIGION & LIBERTY ONLINE
/
Samuel Gregg: ‘Economic nationalism will not make America great again’
Samuel Gregg: ‘Economic nationalism will not make America great again’
Mar 16, 2026 12:55 PM

In early January, Samuel Gregg explained at Law & Liberty how economic policies driven by nationalist protectionism have, in many cases, eventually resulted in economic loss. Generally, protectionist policies are implemented in order to protect workers and industries, however, they also have the effect of throwing market incentives off balance. When a nation employing protectionist policies disincentivizes other countries from importing or exporting parative advantage in that nation’s industries is “dulled,” argues Gregg. “The more you protect the industry, the more inflexible and inefficient it will likely e.”

Oren Cass and Daniel McCarthy wrote responses to Gregg, Cass mainly taking issue with Gregg’s understanding parative advantage while McCarthy argues for economic “realism” in the face of national threats, writing that China is a prime example of a country necessitating the need for the United States to employ reasonable protectionist policies.

In a new piece for Law & Liberty, Gregg refutes both responses, first dissecting Cass’ misconception of how economists think parative advantage. According to Cass, protectionist policies are legitimate parative advantage is not fixed, contrary to, Cass believes, how economists understand it. Au contraire, writes Gregg; economists do indeed parative advantage is something given to change, a fact that only serves to bolster the argument petition should not be stifled. The fact that advantages petition are constantly changing does not necessitate experts to step in and take the reigns — quite the opposite. Gregg makes the point that believing this does not stem from “market fundamentalism,” but rather realism about our condition. No expert can consistently, accurately anticipate various changes in any industry.

In response to McCarthy, Gregg concedes that China is a threat that demands action, but there are a plethora of weapons America can use to defend itself from China’s intellectual theft and geopolitical threats that do not include tariffs:

These range from diplomatic pressure to bolstering friends in the region, improving its munications security, pressuring allied governments not to deal with Chinese panies like Huawei which will do whatever the Chinese Communist Party tells them to do, rigorously prosecuting Chinese nationals and businesses engaged in espionage and intellectual property theft, and relentlessly highlighting the regime’s brutal repression of religious liberty and its willingness to try and oppress entire ethnic-religious groups like the Muslim Uighurs.

Defenders of free trade do not have a history of ignoring foreign threats, Adam Smith included. “[Smith]…accepted the modern nation-state as the basic-building block of international relations and understood that this has implications for trade,” Gregg points out. However, protectionist policies are being supported without regards to market realities. When America chooses to protect its industries primarily at the expense of trading freely, it shoots itself in the foot, a fact that Gregg (and historical evidence) proves — and those who will bear the brunt of the pain won’t be wealthy, well educated citizens.

There are multiple cultural and economic frustrations currently propping up arguments for economic nationalism. New industrial policies or tariffs will do little to address the roots of those issues and will only appear to fix them, acting as a quick band aid. Protectionist trade policies ultimately “make the United States a less-economically disciplined, less productive, less adaptable, and petitive country,” concludes Gregg. None of these descriptors leave America better-off.

Read: “Why the Case for Economic Nationalism Fails”

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Alejandro Chafuen in Forbes: European elections
Alejandro Chafuen, Acton’s Managing Director, ments in Forbes today on the results of the European Parliament elections that concluded this past Sunday. Many European countries showed gains for nationalist, Euroskeptic and environmentalist parties at the expense of more traditional centrist groups and of socialist parties. Chafuen focuses particularly on the results in Spain and their divergence from this general trend. Among socialists in Europe, it seems that those of the Spanish Workers Party, Partido Socialista Obrero Español (PSOE), were some...
Trump threatens to raise taxes on Americans to punish Mexico
President Trump announced yesterday that beginning in early June he will increase taxes paid by Americans until “such time as illegal ing through Mexico, and into our Country, STOP.” If Mexico does not stop the inflow then Trump says he will increase the tax paid by Americans to 10 percent on July 1, 2019, 15 percent on August 1, 2019, to 20 percent on September 1, 2019, and to 25 percent on October 1, 2019. Americans will be required to...
5 Things that Christianity brings to our understanding of politics
Here is a piece I wrote for Law and Liberty on 5 Insights that Christianity Brings to Politics to be sure. At times it has suppressed political, religious and economic liberty. Yet despite that, andSteven Pinkerand the idea of a limited state. Though Christianity is not a political program it nevertheless gives us a certain way of thinking about the state and the role of politics. It is important to note that a Christian vision of government is not simply...
Rev. Robert Sirico on socialism and the religious left in the Detroit News
The Detroit News has published an opinion piece by Fr. Robert Sirico on our increasingly contentious public discourse, socialism, and the religious left titled ‘The dangers of creeping toward socialism’: The popes have traditionally condemned socialism in the strongest possible terms as being patible with Christianity, because its concept of society itself is utterly foreign to Christian truth. This irreconcilability to Christianity is related to socialism’s deep-seated materialism. In reducing human persons and society to the product of economic forces,...
Tocqueville and Novak at the Heritage Foundation
This week, I gave a public lecture at the Heritage Foundation as part of its speakers’ series on the theme “Free Markets: The Ethical Economic Choice.” At a time in which many Americans, at least according to opinion polls, say that they are attracted to socialism, I thought it would be helpful to consider what two observers of socialism, the French political philosopher Alexis de Tocqueville and the American theologian Michael Novak, had to say about this subject. There are...
Labour pains: The far-Left’s anti-Semitism problem
This week, a UK government office launched an investigation into the Labour Party over charges the party “unlawfully discriminated against, harassed, or victimised people because they are Jewish.” Allegations of anti-Semitism are nothing new against the Labour Party (which, ironically, founded the investigating body, the Equality and Human Rights Commission, a dozen years ago), but the charges – and their lack of resolution – reveal two important truths about socialism. Reports of harassment of Jewish members peaked under the leadership...
5 Facts about Coptic Christians
This Saturday is the inaugural Global Coptic Day, a day memorates the Holy Family’s flight to Egypt and that celebrates “the Coptic Orthodox Church’s rich heritage, including its indelible history of martyrdom and persecution, theological education and monasticism.” Here are five facts you should know about this ancient Christian tradition. 1.The word Copt is derived from the Greek word for Egyptian. After the Muslim conquest of Egypt, it became restricted to those Egyptians adhering to Christianity. The term is typically...
The tax that closed 3,600 doctors’ offices
A UK tax policy intended to soak the rich has caused highly specialized physicians and surgeons to retire early, depriving more than a million citizens of their services. A new report details the extent to which progressive taxation has harmed British patients. The NHS is in a state of perpetual crisis characterized by doctor shortages, long wait times, and rationing. The UK lost 441 general practitioners last year and had 11,576 unfilled vacancies for doctors as of last June. But...
Video: James Patterson on Fulton Sheen’s anti-communism and Catholic patriotism; UPDATE: Transcript added
The 2019 Acton Lecture Series continued this week with a presentation by James Patterson of Ave Maria University, who reviewed the career and thought of one of the most plished American Catholic intellectuals of the 20th century—Venerable Fulton Sheen. We’ve posted the video for you below, and be sure to check out our events page for information on ing up on the Acton calendar. Update: The full transcript of Patterson’s address is available after the jump. [00:00:00.150] – Trey Dimsdale...
Greed vs. self-interest: Toward markets driven by love
“When you see the greed and the concentration of power, did you ever have a moment of doubt about capitalism and whether greed is a good idea to run on?” That question was famously asked by Phil Donahue to economist Milton Friedman in a popular exchange from 1979. If you’re a defender of free markets, it’s a question you’ve surely wrestled with. Friedman’s response is characteristically insightful and straightforward, and was recently captured in a short animated film from PolicyEd:...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved