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To: baltimorepoet
Ricardo's "comparative advantage" was written in an era when capital couldn't flee.

Nonsense. Capital has flowed to where it is treated best since civilization began tracking the flow of capital. For the entire 18th century, Britain ran a current account deficit and was a net importer of capital. But in the 19th century, the UK ran a current account surplus and was a net exporter of capital. When did Ricardo develop his theory on comparative advantage?

24 posted on 03/30/2016 7:07:30 AM PDT by Mase (Save me from the people who would save me from myself!)
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To: Mase

So you would hold that a manufacturing worker can move from one country to the next, as easily as capital can?

And for professionals, how about all the various licenses and restrictions? LOL.

There is one standard for the elites and capital, and a different standard for everyone else.

Embracing globalism is embracing socialism.


25 posted on 03/30/2016 7:10:13 AM PDT by baltimorepoet
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