Hamilton, does not invite competition from abroad, but is based on the controlling principle that competition at home will always prevent monopoly on the part of the capitalist, assure good wages to the laborer, and defend the consumer against the evils of extortion.
James Blaine: “Hamilton, does not invite competition from abroad, but is based on the controlling principle that competition at home…”
Editor's note · Context
Blaine explains that the theory of protection aims to prevent monopolies and ensure fair wages and consumer protection.
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