Ayn Rand’s Case against Tariffs

China, once a communist backwater, has emerged as the world’s factory floor, producing everything from iPhones to plastic brushes. It’s a pragmatic choice, not a philosophical one. A CEO doesn’t cite Rand when moving a factory to Shenzhen; he cites shareholder value. Tariffs, intended to lure these companies back, instead add insult to injury, failing to address the root causes of their departure.