Peter Burnett: History tells that protectionism does not work
CGTN, 27 Sep 2022
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https://www.cgtn.com/video
In an interview with CGTN anchor Xu Qinduo, Peter Burnett, Chairman of the British Chamber of Commerce in Hong Kong, said that the populist narrative has led to the rise of protectionism, but history proves that this doesn't work. The Corn Laws introduced in the United Kingdom, which served the interests of protectionists, had led to famine, poverty and even insurrection. It was not until the laws were repealed that people started to focus on production and the industrial revolution began. History has taught us that protectionism does not work.
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https://www.cgtn.com/video
In an interview with CGTN anchor Xu Qinduo, Peter Burnett, Chairman of the British Chamber of Commerce in Hong Kong, said that the populist narrative has led to the rise of protectionism, but history proves that this doesn't work. The Corn Laws introduced in the United Kingdom, which served the interests of protectionists, had led to famine, poverty and even insurrection. It was not until the laws were repealed that people started to focus on production and the industrial revolution began. History has taught us that protectionism does not work.
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
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