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Paris is not a city, nor India a country – they are both experiences, the consumption of which is supposed to widen our horizons, fulfil our human potential, and make us happier.
Sapiens
Yuval Noah Harari
Genuine free trade in services would require free movement of labour around the world, so that any service could be performed where it was required. However not even neo-liberal economists want to let labour migrate at will. Evangelists of the free market do not really believe in free trade when it comes to unrestricted movement of people, and nor do rich country governments.
How Asia Works
Joe Studwell
North-east Asian politicians then improved their industrial policy returns through a second intervention – culling those firms which did not measure up. This might have meant a forced merger with a more successful firm, the withdrawal of capital by a state-directed financial system, withholding – or threatening to withhold – production licences, or even the ultimate capitalist sanction, bankruptcy. Since the 1970s, there has been much talk about state industrial policy in western countries being an attempt to ‘pick winners’ among firms, something that most people would agree is extremely difficult. But this term does not describe what happened in successful developing states in east Asia.5 In Japan, Korea, Taiwan and China, the state did not so much pick winners as weed out losers.
How Asia Works
Joe Studwell
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