protectionism

Daniel Davies at the Guardian distinguishes between traditional protectionism (protecting goods from competition) and a newer use of the term to refer to protecting businesses from foreign control. He argues that this new “protectionism” is much less harmful than the traditional variety:

There are, quite feasibly, a lot of uncommon but not impossible situations in which a democratic government might want to pass a law about the operations of a company, and not want to find itself being taken to a WTO tribunal for doing so.