Quotation of the Day…

by Don Boudreaux on May 12, 2023

in Myths and Fallacies, Trade

… is from page 199 of Martin Wolf’s excellent 2004 book, Why Globalization Works (endnote deleted):

What the proponents of localization aim for is a dystopia – a world of mutually assured impoverishment, in which the poorest, who most need to trade for what they cannot make, would be the biggest losers. That these people parade themselves as the friends of the poor merely demonstrates how self-deluding people can be. With friends like these, the poor of the world need no enemies.

Add a Comment    Share Share    Print    Email

Previous post:

Next post: