A World Of Free Movement Would Be $78 Trillion Richer

[Dessert_All_Day]

Yes, it would be disruptive. But the potential gains are so vast that objectors could be bribed to let it happen.

 

[Such_Saturation]

And if you divided the world GDP by the world population we all could only afford 10 grand per year. This has been your irrelevant fact of the day.

 

[Prosper]

And if you divided the world GDP by the world population we all could only afford 10 grand per year. This has been your irrelevant fact of the day.

If the living expenses and other costs were averaged too so that it was equally expensive to live anywhere in the world, 10k would probaly become a comfortable yearly salary.

 

[Kyle M]

If the living expenses and other costs were averaged too so that it was equally expensive to live anywhere in the world, 10k would probaly become a comfortable yearly salary.

That's a good point, mercantilists only ever look at the loss of income side of the equation for free trade. Of course the other side of the equation is a drop in prices that should be much greater.

 

[AJC]

If the living expenses and other costs were averaged too so that it was equally expensive to live anywhere in the world, 10k would probaly become a comfortable yearly salary.

Why would it ever be equally expensive though?

 

[Prosper]

Why would it ever be equally expensive though?

No reason. It was as hypotethical as the post I replied to.

 

[AJC]

No reason. It was as hypotethical as the post I replied to.

Haha got it

 

[Such_Saturation]

If the living expenses and other costs were averaged too so that it was equally expensive to live anywhere in the world, 10k would probaly become a comfortable yearly salary.

Exactly my comrade

 

[xiaohua]

Let's get rid of usury first. Everything else is a band-aid solution

 

[Jarman]

I like the comments from the article itself, especially the upvoted ones. They make more sense.
A world of free movement would be $78 trillion richer

 

[tankasnowgod]

I like the comments from the article itself, especially the upvoted ones. They make more sense.
A world of free movement would be $78 trillion richer

Yep. The original article is a purely hypothetical, and as the very first comment correctly realizes, it never works out that nicely in the real world. Before ANY country opens it's borders, they should eliminate all Welfare benefits (so that new arrivals can't benefit from a system they didn't pay into), eliminate Income Taxes (again, so citizens aren't subsidizing new arrivals), and also ensure that new arrivals don't have favored legal or other status over citizens (the exact opposite is happening in Europe and US "Sanctuary" cities today), at a very minimum. Of course, that's just as hypothetical as anything else in this thread, or the original article.

 

[Queequeg]

One World propaganda. What they are not telling you is that the average worker in the richer countries will become a lot poorer and most likely jobless due to an influx of competition for their jobs. The US is not in a labor shortage situation despite what our owner's are telling us. More immigrants means lower wages and more unemployment period. Basic labor economics. Being able to buy a dozen socks from Walmart for less than $2 is not much of a consolation when you are out of a job.

 

[mujuro]

Sounds like The Economist has a veiled globalist agenda. What a surprise...

 

[Sheik]

White homeland now!

 

[Such_Saturation]

Sounds like The Economist has a veiled globalist agenda. What a surprise...

Noooo a capitalist magazine would do that!?

 

[Hugh Johnson]

Free traders have been repeating these lies and similar ones for centuries.

 

[managing]

Free traders have been repeating these lies and similar ones for centuries.

To what end? What is the motivation for this?

 

[BrianF]

Anyone falling for this should read The 23 things they dont tell you about capitalism by Ha joon Chang, who is an economist. He basically co firms what most working class pople in developed nations have always known, mass migration is pretty bad news for people like them.

Im the son of an immigrant and my long term partner and mother of my child is an immigrant. Ive lived overseas as an immigrant, but none of us can fail to see the negatives to what is being g suggested here because its been tbe reality of tbe last 17 or so years here in the UK.

The reality is, people flock to the wealthier territories which ironically arent full of wealthy people. Most willing to work will only be able to do low or unskilled work. Many will be incapable of even that, which in egalitarian nations like western europe survive omly on benefits.

Ultimately, house prices and rem2tsl rates will rocket as they have, health servicez become overcrowded and underfunded, schools become overcrowded while wages stagnate. Overall this reduces the quality of life of those who enjoyed the lowest standard of living before hand. This isnt theory, this is the reality of most western european countries today.

 

[ecstatichamster]

Without borders there is no escape

 

[x-ray peat]

escape to where? this is a One World plan. We must all be the same, same culture, same religion, same economics status, etc.