Lolk
I was disagreeing with your notion that all corporations are making big profits. Taxation could never make a business profitable. Where did that nonsense come from?
		
		
	 
Gee, is it possible for someone to earn a double F-, in History and Economics?  The quality of teaching at Troglodyte U must be reaching truly abysmal levels.
One of the classic examples would be the early 19th century British Corn Laws, with buoyed the price of native production by keeping out cheaper imports.  [Note for those with an All-American experience: 'corn' in this definition is a grain which may be ground, such as to produce flour for bread, or other like products]
The repeal of the Corn Laws, largely in response to the Great Famine in Ireland, led to an agricultural depression that was devastating for British agriculture, and led to Britain becoming a food-importing nation.  Why produce something when you can be undersold by cheap imports pouring in from America, Canada, and Russia?
The value of agricultural land tumbled; agricultural workers (who till then had made up a high percentage of the British workforce) lost their jobs, and were turned off the land into the cities.
It's a classic example of Free Trade in action.  It's also a classic example of the Conservative predictions regarding the repeal being right.  I am surprised Ben doesn't know this, or doesn't mention this at all!
Oh, and one of the longer-term effects of the repeal was the necessity of British participation in World War I.  After all, if you import most of your food, you are forced into belligerence when actions by others threaten to cut your supply lines, leaving you without food.