Pretty loose article with only one central idea of human resource specialization.
It includes factual inaccuracy gems such as
"It wasn't until after WWII that there was a conscious move back to a system of world wide free trade, which resulted in another era of solid economic growth."
This has nothing to do with historical fact. The pre-Bretton Woods and Bretton Woods system were strongly characterized by very high capital controls and very high progressive taxation systems, only abolished in early 70s due to various shocks. Interestingly enough, it is likely there has never been a more global economically productive or financially stable period in human history and it is often known as the "Golden Age of Capitalism".
Comments
Pretty loose article with only one central idea of human resource specialization.
It includes factual inaccuracy gems such as
"It wasn't until after WWII that there was a conscious move back to a system of world wide free trade, which resulted in another era of solid economic growth."
This has nothing to do with historical fact. The pre-Bretton Woods and Bretton Woods system were strongly characterized by very high capital controls and very high progressive taxation systems, only abolished in early 70s due to various shocks. Interestingly enough, it is likely there has never been a more global economically productive or financially stable period in human history and it is often known as the "Golden Age of Capitalism".