It's pretty obvious he is to anyone paying attention. He might not realize it but the elite will use him to buy up assets at a cheap price. It's a model for foreigners to pillage domestic assets. Nothing he said is wrong from a pure theoretical perspective but one inherent flaw of ancapitalism is that not all humans are equal and freedom of capital movement given not free movement of labor means pure free market is NOT the best system for most people. The elite in charge don't need an economics lesson. They know how it works. They're purposely using their money to assume more wealth and power.
Well it's true, but the purpose of government is to ensure a fair playing field. While buying up assets might seem nefarious - under a well maintained libertarian system - any business that doesn't work to compete to provide goods and services will fail.
What he will find happens, if he is successful at what he does, is that a lot of businesses won't do business there, because their success hinges on getting sweet deals with the government.
Why was Amazon successful? The government exempts all its tax as a US-headquartered company. Why was AT&T successful? The government literally signed a contract mandating it as a monopoly. Why was any crown or state-owned enterprise successful? Because they get the government to regulate their competition away.
He will discover that the worlds biggest players can't succeed there, if he does his job correctly, and none of them will want to play ball. They'll send their lobbyists to fight for sweet deals and tax breaks - and when they get none, they'll simply go to a country that does give them one.
Nowadays, the biggest world players are all cheating - the most successful ones are the ones who are best at it.
I'm speaking mainly to the fact that corporations will want the cheapest labor possible. The way to get that is increase the labor supply. Bringing in cheap labor is often what corporations do and in a "true libertarian" system as you call it, there's nothing wrong with unlimited immigrants. The more immigrants that come in the more Argentina's culture suffers and the people in Argentina lose because the benefits of the economic growth are going to the rich capitalists and the immigrant labor not the Argentinians. Then the corporations will use the immigrants to change the politics around to get government to give them the tax breaks and subsidies they want. Voila, there goes anything he worked for.
I'm speaking mainly to the fact that corporations will want the cheapest labor possible. The way to get that is increase the labor supply.
It's a better idea to buy labour abroad. The US was the first to do that efficiently, then the labour in the country specialized in finance and technology. They're still the richest country in the world. Buying labour from others isn't "outsourcing jobs", it actually helps countries you buy the labour from, and it helps you becuase of comparative advantage.
Immigration is different, but similar, all it does is grow the labour force in your own country. It is important not to let immigrants create cultural enclaves in the country - Canada is learning that lesson hardcore.
While buying up assets might seem nefarious - under a well maintained libertarian system - any business that doesn't work to compete to provide goods and services will fail.
What does that have to do with global reality? We live in a manipulated economic system where foreign powers can just print currency to give to their BlackRocks to buy out whatever country they need to influence.
It's pretty obvious he is to anyone paying attention. He might not realize it but the elite will use him to buy up assets at a cheap price. It's a model for foreigners to pillage domestic assets. Nothing he said is wrong from a pure theoretical perspective but one inherent flaw of ancapitalism is that not all humans are equal and freedom of capital movement given not free movement of labor means pure free market is NOT the best system for most people. The elite in charge don't need an economics lesson. They know how it works. They're purposely using their money to assume more wealth and power.
Well it's true, but the purpose of government is to ensure a fair playing field. While buying up assets might seem nefarious - under a well maintained libertarian system - any business that doesn't work to compete to provide goods and services will fail.
What he will find happens, if he is successful at what he does, is that a lot of businesses won't do business there, because their success hinges on getting sweet deals with the government.
Why was Amazon successful? The government exempts all its tax as a US-headquartered company. Why was AT&T successful? The government literally signed a contract mandating it as a monopoly. Why was any crown or state-owned enterprise successful? Because they get the government to regulate their competition away.
He will discover that the worlds biggest players can't succeed there, if he does his job correctly, and none of them will want to play ball. They'll send their lobbyists to fight for sweet deals and tax breaks - and when they get none, they'll simply go to a country that does give them one.
Nowadays, the biggest world players are all cheating - the most successful ones are the ones who are best at it.
I'm speaking mainly to the fact that corporations will want the cheapest labor possible. The way to get that is increase the labor supply. Bringing in cheap labor is often what corporations do and in a "true libertarian" system as you call it, there's nothing wrong with unlimited immigrants. The more immigrants that come in the more Argentina's culture suffers and the people in Argentina lose because the benefits of the economic growth are going to the rich capitalists and the immigrant labor not the Argentinians. Then the corporations will use the immigrants to change the politics around to get government to give them the tax breaks and subsidies they want. Voila, there goes anything he worked for.
It's a better idea to buy labour abroad. The US was the first to do that efficiently, then the labour in the country specialized in finance and technology. They're still the richest country in the world. Buying labour from others isn't "outsourcing jobs", it actually helps countries you buy the labour from, and it helps you becuase of comparative advantage.
Immigration is different, but similar, all it does is grow the labour force in your own country. It is important not to let immigrants create cultural enclaves in the country - Canada is learning that lesson hardcore.
See, I would argue both those things are bad.
What does that have to do with global reality? We live in a manipulated economic system where foreign powers can just print currency to give to their BlackRocks to buy out whatever country they need to influence.
It doesn't because there are no such systems. I never claimed so.
Yep! You can't have a free market when you have porous borders or overseas central banks can pump fiat into your market to buy everything up.