Visualization of the argument for free trade/open borders

Hat tip: Landon Schnabel, via Twitter.

 

This entry was posted in Economics, Law. Bookmark the permalink.

6 Responses to Visualization of the argument for free trade/open borders

  1. Craig says:

    It is a comparison but I’m not sure it’s an argument. Trade serves (or should serve) different purposes for advantaged vs. disadvantaged nation. If an economically-disadvantaged nation simply depletes its own natural resources for the sake of survival, then “trade” for them is not a multiplier but a cashing out. Trade can be a multiplier when there is a value-adding infrastructure in place in the less-advantaged nation. If not, it is more like exploitation.

    After fighting various diseases that impact poor nations’ survival, a worthy goal for foundations like Gates would be to help them build value-adding infrastructures.

    • Those are fair points. I’ve always wondered why are so many nations (especially in Africa and Latin America) so poor, while a handful nations are so rich? But I think the exploitation argument goes only so far, since previously poor countries like Australia, South Korea, and Singapore are now very rich themselves …

    • I should add: one of my favorite things about the US system our founders created is the fact that we don’t anyone’s permission to cross State lines … Let’s not take that for granted!

  2. John Bentley says:

    Hi. I just purchased the book from you eBay site for accidental billionaires: case study. I sent my email for the book to be sent to me, but never received it.

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