Stumbling and Mumbling
Immigration as social mobility
Chris Dillow | Investors Chronicle
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
5 comments:
Well, there has always been some mobility and migration without the open borders. Open borders is anarchy. Like Bernie Sanders said: that is what the Koch brothers want. There cannot be well functioning nation state with open borders.
Institution of half of a liberal economy is hypocritical and the public won't stand for open border, so liberalism needs a re-think to incorporate managed trade, capital and labor flow that isn't based on privilege and doesn't create privilege. If there is not a free flow of labor, then there should not be a free flow of trade or capital either.
Each country can have its very own meritocracy and generate its own elite. Immigration not required.
MMT, by demonstrating the capacity of a currency sovereign, seems to attract more than its share of bigots.
^^^
This is not the fault of MMT, needless to say.
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