Plot: If free trade is so good, why is protectionism so popular? Part of the answer lies in a simple political principle — interests that are concentrated (those of the producer) are more politically effective than interests that are diffused (those of the consumer). Protection does not create jobs or move goods; rather, it forces us to expend greater effort to get the goods we produce, since they cost more to produce at home than abroad

Milton Friedman Speaks - Season 1 - Producer vs Consumer (Lecture) (Episode 15)
Episode Aired On:
Sunday, February 19 1978
47 years ago
Sunday, February 19 1978
47 years ago