Word of the Day ·
protectionism
pro·tec·tio·ni·sm
noun
What it means
- countableuncountableeconomicsA system or policy of protecting the domestic producers of a product from foreign competition by imposing tariffs, quotas, duties or other barriers on importations.
Take the New Right's full-throated embrace of protectionism and industrial policy. This romance with protectionism started in the 1990s with former GOP presidential candidate Pat Buchanan, gained enormous traction under former President Donald Trump, and is still going strong today.
2024 March 20, Veronique de Rugy, “The Political Right Has Luxury Beliefs, Too”, in Reason - countableuncountableLinguistic purism.
In a sentence
Take the New Right's full-throated embrace of protectionism and industrial policy. This romance with protectionism started in the 1990s with former GOP presidential candidate Pat Buchanan, gained enormous traction under former President Donald Trump, and is still going strong today.
2024 March 20, Veronique de Rugy, “The Political Right Has Luxury Beliefs, Too”, in Reason
Where it comes from
- Frenchprotectionnisme
- Englishprotectionism
Borrowed from French protectionnisme, equivalent to protection + -ism.
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