Bonus Quotation of the Day…

by Don Boudreaux on August 11, 2019

in Myths and Fallacies, Trade

… is from page 237 of Martin Wolf’s superb 2004 book, Why Globalization Works:

Some critics [of globalization] argue that the proof of exploitation is the fact that the workers in developing countries are unable to afford the goods they make. This complaint is demented. One works in order to buy not what one makes, but what one needs.

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