We cannot hang on to the jobs of the past, and we cannot afford to shut out the incessant forces of the world. Should we try, the ghosts of markets past will surely haunt us
Protectionism is making a comeback. Be it in Canada, where an adolescent believer in unicorn ponders the validity of the TPP (lord knows if he comprehends the acronym), the USA, where a socialist and a clown rage against big business screwing the working man, or the dark lord Merkel, desperate on blocking off Europe from the wider world. Economic history and reality demonstrate that the temptation of building walls and installing tariffs contradicts progress of any kind.
Transnational interests. Open borders. Crony capitalism. The loaded words never seem to cease when flowing from the spewing mouths of university hipsters or San Francisco foragers. For anyone who enjoys sipping some Scotch on a cool urban evening, or popping a juicy Chilean grape under the beating sun, capitalism, raw and deliciously beautiful to the core, cannot be dismissed. For anyone who enjoys the finer things in life, the free movement of people, technology, goods and techniques must be encouraged. No person can be supreme at everything; the same humbling truth goes for countries as well. Whether a nation is resource-rich and poor, or highly educated and barren, the acceptance of specialization opens the door to broader consumption and greater happiness.