Earlier quoted context omitted.
This is why socialist in the vast majority of the 20th century were vehemently anti-immigration, and the right was pro-immigration. Immigration destroys labor, and rewards capital. You'd think "leftists" would have a problem with that. Or maybe it's just the pendulum swining back I guess. When democrats and republicans were young, new, parties, republicans were definitely left-wing and democrats were right-wing. Mayb…
> Immigration destroys labor Free migration empowers labor in the same way that free movement of capital empowers capital; real immigration systems in capitalist regimes tend not to favor free and reciprocal movement but instead are regulated to favor domestic capital, but it's a foolish leftist that is opposed to free migration rather than migration regulated to favor capital. OTOH, H-1B is one of the most blatantly…
So in reality, free movement of capital is bad for 99.99% good for 0.01%.
However, I get it, it is a very popular illusion among business owners that this is not in fact true. That they could do better if they could just put their business in more places, deploy their money and capital more flexibly.
99% of them are wrong. Of course, you wouldn't be running a business if you didn't think you could do this, I get it. But time and time again it is shown: 99% of them can't.