[mynewwork]

Phased in or decreed universally tomorrow? Free movement of people implemented immediately would mean chaos as millions of people from developing countries rush to developed nations, overwhelming infrastructure and collapsing the unskilled labor market and overburdening social welfare/entitlement programs.

Ignoring the people movement, income inequality would skyrocket, and boom-bust cycles in finance, agriculture and manufacturing would become faster and more severe.

[hackerboos]

I'd imagine there would be massive social unrest at the idea of abolishing certain public services.

Power would concentrate in a handful of corporations; price fixing and monopolies would become the norm.