Quotation of the Day…

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… 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.