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I agree with your broader point, but if the United States has a comparative advantage in entrepreneurship, it's not actually zero-sum. That is, if the American
by pash 14y ago
I agree with your broader point, but if the United States has a comparative advantage in entrepreneurship, it's not actually zero-sum.
That is, if the American legal system, venture funding, etc., combine to offer a foreign entrepreneur a better likelihood of building a successful company there than in her home country—and there's some evidence that that's often the case—then letting her emigrate to the United States should be a net gain for the global economy.
- lifeisstillgood 14y agoTrue, but for every non-us company that creates broad democratic institutions and enforceable contracts, then that countries comparative disadvantage shrinks, probably towards a meaningless point. Look at India - democratic, enforceable contracts, and vast internal Market. Sound familiar? Go to New Mexico, or southern California you will find tired, poor huddled masses.