Another provocative post by Chris Dillow and another reason that I continually emphasize that political economy that is not based on the global economy is not only bollox but biased (racist, if you prefer.) For one thing, it ignores and even denies the issues arising from primitive accumulation, which was, contra Locke, principally by force. Liberalism for me but not for you.
Stumbling and Mumbling
Immigration as social mobilityChris Dillow | Investors Chronicle
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.
ReplyDeleteInstitution 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.
ReplyDeleteEach country can have its very own meritocracy and generate its own elite. Immigration not required.
ReplyDeleteMMT, by demonstrating the capacity of a currency sovereign, seems to attract more than its share of bigots.
ReplyDelete^^^
ReplyDeleteThis is not the fault of MMT, needless to say.