by Rick Lowe
Protectionism has reared its ugly head again.
This time it is in the egg industry in The Bahamas.
Here is a brief analysis:
Local eggs $1.50 per dozen.
Foreign eggs $3.09 per dozen.
There must be a very serious reason people buy the foreign eggs at over twice the price.
Although we buy local eggs on occasion, bureaucrats deciding what we should buy is not very appealing.
The state planners have run amok.
What industry will get protection next? Maybe only legitimate car dealers will be allowed to import cars?
You get the picture! Protectionism is a ridiculous idea!
Maybe we should restrict legitimate thought to those who think?
Seriously, it is all rediculous.
These policies have never worked, and this failed policy is being reinforced by new legislation all the time. Case in point, Consumer Protection act?
Rename it the “death of the incentive to get ahead act”.Same for “Standards act” etc etc
We already have legislation to prosecute fraud. We have a criminal code. we have covered most bases through the legal system. Our problem is the systems are either broken or are failing fast. They should make the effort to fix the broken mechinisms, not use excuses to reinvent the wheel.