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by kmcgivney
5975 days ago
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Towards the end of the article, he reaches a conclusion about the importance of regional self-sufficiency which I don't understand at all. Firstly, because it has seemingly no connection to anything he was writing about. Secondly, because it contradicts basic economics of comparative advantage. |
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And no, it doesn't contradict notions of comparative advantage. It puts a value on connection to place that the current system has valued at zero. By valuing connection to place you neutralize notions of competitive advantage achieved by absolute mobility.
This doesn't mean physical mobility is a bad thing, it just means that long term connection to a place should be valued. As such it acts as a tempering force against mobility. There's a reasonable middle ground and our system denies that.