What if you could buy the bread for $0.12 and spend the rest of your dollar on other things? Your quality of life and standard of living has massively improved.

What if you could buy the bread for $0.12 and spend the rest of your dollar on other things? Your quality of life and standard of living has massively improved. You send paper overseas and get actual goods in return, and you still have $0.88 to spend on other things. I use $0.12 because as the article points out, local shipyards cost 8x as much as foreign shipyards.