Trade = specialization = do more, better & cheaper

Thursday, November 09, 2017 Francisco Carneiro 0 Comments

It is precisely because there is so much poverty, hunger and illness that the world must be very careful not to get in the way of the things that have bettered so many lives already – the tools of trade, technology and trust, of specialization and exchange.

Matt Ridley

PS yes as long as trade is free the world will do well. Don’t interrupt what is working for 200 years. Don’t mess just because despite everybody is getting better a minority is doing even better (. That is the way it is. To close commerce and free trade we lose specialization and to do a bit of everything = poverty.



Adam Smith pointed out that there were three things that make us more prosperous, in a general sort of way: freedom to pursue our own self-interest; specialization, which he called division of labor; and freedom of trade. P. J. O'Rourke


“The ideal of an “all-round” education is out of date; it has been destroyed by the progress of knowledge.”
Bertrand Russell, Sceptical Essays

0 comentários: