Protectionism is incapable of saving jobs. Employment in specific industries has declined largely because productivity growth has outpaced demand growth. Rising productivity is good for the economy; it provides workers with opportunities for higher paying jobs. Trade protection defers and complicates this process, though. It distorts market signals that might otherwise encourage new investment in new industries, and discourages workers from seeking opportunities these investments provide.
The same concepts hold for government intervention in agricultural markets. Cutting farm subsidies and agricultural trade barriers would save U.S. taxpayers and consumers tens of billions of dollars during the next decade, would yield environmental benefits by reducing over-production, and stimulate innovation and productivity on farms.
Get the latest on Agricultural Trade:
RSS ![]()
"Agricultural Policy," Chapter 18, Cato Handbook for Policymakers, 7th Edition (2009).
"Agricultural Policy," Chapter 30, Cato Handbook for Congress: Policy Recommendations for the 108th Congress, (2003).
"Agricultural Policy," Chapter 31, Cato Handbook for Congress: Policy Recommendations for the 107th Congress, (2001).
"Environmental Health: Risks and Reality," Chapter 46, Cato Handbook for Congress: Policy Recommendations for the 107th Congress, (2001).
The Precautionary Principle: A Critical Appraisal of Environmental Risk Assesment, by Indur M. Goklany (2001).
"Crisis Averted? How Government Actions Keep Food Prices High," by Sallie James, Free Trade Bulletin no. 35, December 7, 2008
"Food Fight," by Sallie James, Free Trade Bulletin no. 31, January 30, 2008
"Securing Land Rights for Chinese Farmers: A Leap Forward for Stability and Growth," by Zhu Keliang and Roy Prosterman, Development Policy Analysis no. 3, October 15, 2007
"Freeing the Farm: A Farm Bill for All Americans," by Sallie James and Daniel Griswold, Trade Policy Analysis no. 34, April 16, 2007
"Grain Drain: The Hidden Cost of U.S. Rice Subsidies," by Daniel Griswold, Trade Briefing Paper no. 25, November 16, 2006
"Hard Lessons from the Auto Bailouts," by Daniel J. Ikenson, Cato Policy Report, November/December 2009.
"The Benefits of Biotech," by Gregory Conko, Regulation, vol. 26, no. 1, Spring 2003, pp. 6.
"Reform's Stunted Crop," by David Orden, Regulation, vol. 25, no. 1, 2002, pp. 7.
"Congress's Dairy Dilemma," by Kenneth W. Bailey, Regulation, vol. 24, no. 4, 2001, pp. 9.
"Food Risks and Labeling Controversies," by Henry I . Miller and Peter VanDoren, Regulation, vol. 23, no. 1, 2000.
"Obama's First Trade Move: No Big Deal," by Sallie James, Investor's Business Daily, December 28, 2009
"What America Makes Best," by Daniel Griswold, Barron's, November 9, 2009
"Obama Cuts Sour Deal on Sugar," by Daniel Griswold, Detroit News, October 8, 2009
"What Should Liberals Liberalize?," by Daniel B. Klein, Cato.org, December 11, 2008
"Eating Locally Not Necessarily Better," by Will Wilkinson, Marketplace, August 27, 2008
"Tricked on Our Treats: Time to Rethink the U.S. Sugar Program," October 30, 2009 [Capitol Hill Briefing]
"Freeing the Farm: A Farm Bill for All Americans," May 23, 2007 [Capitol Hill Briefing]
"Freeing the Farm: A Farm Bill for All Americans," April 26, 2007 [Policy Forum]
"The Future of the European Common Agricultural Policy and Global Trade Liberalization," October 27, 2006 [Policy Forum]
"Changing Course: Why Congress Should Consider a New Direction for U.S. Agriculture Policy," September 21, 2006 [Capitol Hill Briefing]
"Testimony by Daniel T. Griswold, Farm Bill Follies," Congressional Testimony, June 6, 2002.
"Testimony by Michael Gough, Endocrine Disrupters, Politics, Pesticides, the Cost of Food and Health," Speech, December 15, 1997.
"Testimony by Michael Gough, Herbicide Exposure: Link to Disease," Congressional Testimony, September 19, 1996.
"The Economic Effects of Significant U.S. Import Restraints," Daniel Griswold, Congressional Testimony, December 4, 2001.
"Blame Domestic Slowdown, not Trade, for Manufacturing Slump," Daniel Griswold, Congressional Testimony, June 21, 2001.
Daniel Griswold discusses the price of rice on BNN's Commodities December 8, 2009 [Flash Video, 06:14]
Daniel J. Ikenson discusses GM on ABC's Good Morning America November 16, 2009 [Flash Video, 02:33]
"Trade, China and Manufacturing" featuring Daniel Griswold, September 14, 2009 [Flash Audio, 07:08]
Mark A. Calabria discusses U.S. manufacturing jobs on Street Signs August 17, 2009 [Flash Video, 04:18]
"Government and Food Prices" featuring Sallie James, December 19, 2008 [Flash Audio, 10:56]