Immigration and the Economy: Start-ups vs. Bailout, Greencards vs. Greenbacks
"Dear America, please remember how you got to be the wealthiest country in history. It wasn't through protectionism, or state-owned banks or fearing free trade. No, the formula was very simple: build this really flexible, really open economy, tolerate creative destruction so dead capital is quickly redeployed to better ideas and companies, pour into it the most diverse, smart and energetic immigrants from every corner of the world and then stir and repeat, stir and repeat, stir and repeat, stir and repeat."
A New York Times op-ed today by Tom Friedman - quoted above - brings up some interesting points. Enjoy.
- Zuraya Tapia-Alfaro's blog
- Login to post comments