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Agreed. I’ve often thought that the banes of regulatory arbitrage and labour arbitrage could be simultaneously killed by allowing the free movement of people ac
by phs318u 7y ago
Agreed. I’ve often thought that the banes of regulatory arbitrage and labour arbitrage could be simultaneously killed by allowing the free movement of people across borders. It’s strange to me that corporations and money can cross borders easier than people.
- matthewmacleod 7y agoThis is ultimately one of the underlying principles of the EU, or at least the single market.
- TheOtherHobbes 7y agoAnd it's not a simple issue. Free movement works well for people who are comfortably off, but tends to trash the economies of those left behind. I don't think FoM is a full solution. The end state is the end of nation states, and especially competitive nation state economies. Not only would this create a multi-trillion dollar peace dividend which could be spent on original R&D and social investment of all kinds, it would also create a massive wealth equalisation, end many of the more obvious and pointless kinds of wealth speculation, and create a global wealth boom, as location became much less important than talent and imagination.