It floats all boats. Inequally, but still. Also: Foolish protectionism, and development aid problems.— FTN DAILY EDITION #126, Economics and Business
Specialization makes us all better off.
A reliance on imports does not make an economy more at risk, because markets provide security in the same way that they provide other attributes of products which consumers consider valuable.
Tell ole’ pharaoh, let my people go
Protectionism should be called destructionism.
We find a way to move goods, services, and capital around the world faster, more efficiently, and at lower cost, only to watch the politicians in Washington throw sand into the gears by erecting artificial barriers to commerce.
Development aid lacks business intelligence
When providing aid, it’s near impossible to determine the impact.
Should efforts be directed towards bed nets, or micro loans, or clean water, or vaccinations, or education, or … the list has no end.
When everyone is better off, inequality rises.
Scheidel finds no example of a peaceable process able to put a dent in inequality that can rival the impact of mass mobilization for war, communist revolution, socio-economic collapse and pandemics.
News for News
A proposal to make news subscriptions appealing again.
By and large, publishers have never bothered to do what airlines and other sectors have long been doing: adjusting their pricing dynamically based on what the market is willing to pay.
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