October 17th, 2018 5:30 PM
ECONOMIC PSEUDOSCIENCE = CHERRY PICKING
What separates economic science from economic pseudoscience, is selective measurement of changes in capital.
Labor mobility turns out to be one of the WORST POSSIBLE means of altering poverty.
Bring capital and rule of law to people, not people to capital and rule of law: One either brings rule of law and capital to people (colonialism) or one brings people to rule of law and capital (reverse-colonialism).
The only choice is whether you colonize and INCREASE world institutional capital, or are colonized and CONSUME world institutional capital – while claiming you’ve made an increase in productivity rather than consumption.