Protectionism raises its ugly head - again

摘要

It was probably just as inevitable as the crash that inexorably followed the world's greatest ever shipbuilding boom.rnWe now have ship builders and their industry associations from Korea to Finland bleating for government handouts to save them from economic reality.rnPolitical reality, of course, is a completely different thing from economic reality. While it was completely obvious to me and many other observers that the shipbuilding market was badly over heated by mid 2007, some ship builders and many governments dreamt that the boom would last forever.