A world of free movement would be $78T richer

#1

Post by deegles » Sat, Jun 23, 2018, 5:52 PM UTC

A world of free movement would be $78T richer
economist.com

Re: A world of free movement would be $78T richer

#2

Post by patrickg_zill » Sat, Jun 23, 2018, 7:16 PM UTC

Utterly ridiculous rubbish.

The reason why Mexican immigrants make more money as mentioned in the article in the US would be erased under open borders. It would be a race to the bottom, globally.

Re: A world of free movement would be $78T richer

#3

Post by ephor » Sat, Jun 23, 2018, 7:19 PM UTC

>"A world of free movement would be $78 trillion richer"

...A world where everyone's mother is a prostitute would be considerably more economically active.

Its a shame the economy is seen as a end rather than a means.

Re: A world of free movement would be $78T richer

#4

Post by ealexhudson » Sat, Jun 23, 2018, 7:21 PM UTC

$78T, or, half of one Jeff Bezos.

Let's not pretend the majority of that wealth wouldn't accumulate in a small number of pockets.

Re: A world of free movement would be $78T richer

#5

Post by dooglius » Sat, Jun 23, 2018, 7:22 PM UTC

Without paywall: http://archive.is/CXzWM

Re: A world of free movement would be $78T richer

#6

Post by APORWEVNAOEN » Sat, Jun 23, 2018, 7:24 PM UTC

ealexhudson wrote: post #4

$78T, or, half of one Jeff Bezos. Let's not pretend the majority of that wealth wouldn't accumulate in a small number of pockets.

off by 1000x

Re: A world of free movement would be $78T richer

#7

Post by charlesdm » Sat, Jun 23, 2018, 7:24 PM UTC

ealexhudson wrote: post #4

$78T, or, half of one Jeff Bezos. Let's not pretend the majority of that wealth wouldn't accumulate in a small number of pockets.

A trillion is not a billion

$78 trillion = $78,000 billion (or many, many, many times Jeff Bezos)

Re: A world of free movement would be $78T richer

#8

Post by TomK32 » Sat, Jun 23, 2018, 7:27 PM UTC

ealexhudson wrote: post #4

$78T, or, half of one Jeff Bezos. Let's not pretend the majority of that wealth wouldn't accumulate in a small number of pockets.

I think your math is off by a few magnitudes.

Re: A world of free movement would be $78T richer

#9

Post by funwithjustin » Sat, Jun 23, 2018, 7:28 PM UTC

patrickg_zill wrote: post #2

Utterly ridiculous rubbish. The reason why Mexican immigrants make more money as mentioned in the article in the US would be erased under open borders. It would be a race to the bottom, globally.

This is... literally the opposite of reality. Did you forget a /s?

Re: A world of free movement would be $78T richer

#10

Post by mozumder » Sat, Jun 23, 2018, 7:32 PM UTC

The immediate goal of everyone in this country should be to open the borders and open trade.

There is no excuse.

Borders serve no useful purpose in a globalized economy. Can you imagine how terrible it would be if the states had hard borders between them?

People act like having open borders mean invading marauders of foreigners, but did everyone from Ohio invade Maryland because of the open borders the states have? In reality, most people would stay where their family and relatives are.

"My dream is a hemispheric common market, with open trade and open borders, sometime in the future with energy that's as green and sustainable as we can get it, powering growth and opportunity for every person in the hemisphere." - Hillary Clinton

Let's start by making annexing the states of Canada and Mexico into the US, and work other countries from there.

Do it.