Part 5/10:
Free Trade vs. Protectionism: The Battle of Ideologies
Philosophically, this debate pits two strong camps against each other: those who advocate for free trade and those who support protectionism. Ronald Reagan’s approach leaned heavily towards free trade, arguing that commerce is an alliance where both parties benefit. He warned against the pitfalls of protectionism, labeling it a form of nationalism that ultimately weakens economies and disrupts the global order.