Free trade and the illusion of self sufficiency

Daniel Hannon:
...
There are no farms in Singapore, nor mines, nor reservoirs. Yet Singapore is among the wealthiest and most successful places on Earth. Compare it to, say, North Korea, which has made a fetish out of self-sufficiency, and where pretty much the entire adult population is drafted to help at harvest time. Where would you rather live?
...
That is another reason why the Democrats are so wrong on their handling of energy where they have a policy of artificial scarcity while prohibiting trade in domestic production.

Comments

Popular posts from this blog

The Chicago way

The plot to kill George W. Bush

Oil prices rise in the wake of Syrian missile strike