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by yummyfajitas 3496 days ago
Yes, the free market is supposed to work by shifting labor from low wave places (e.g. Mexico) to high wage places (e.g. USA) and causing wages to equalize between those places.

Similarly the market should shift oil and iron from low value places (in the ground) to high value places (e.g. in a steel beam or gas station).

1 comments

Economies that attracts and integrates (domestic or foreign, the difference will blur) individuals which work or study hard will prevail. Countries that falls under the hands of extremism will collapse or be forced back into open societies. Artificial protection of economies are a fraudulent propositions from demagogues and doomed to further digging the economy down into extremism. The government should support citizens through change friction, but by enabling rather than addictive entitlements. But which politician can sell foot work, instead of sugar? Find a common external enemy, blame them rather than the rigged markets and systems.