Friday, June 12, 2020

Keyhole Solutions


Keyhole Surgery is a minimally invasive approach to fixing a problem that restricts the collateral damage. I had my appendix out when I was a little guy. Embarrassingly (now) I was quite excited about it. My Gran used to bring me sweets when I was sick, and my older brother seemed to have such fun when he had his out. Balloons, TV, comic books. Hospitals aren’t scary. I turned out not to have appendicitis, but just an ulcer. Fortunately, the surgeon still felt the surgery was necessary. I still have the scar. Mine was small for the time. Now they are tiny. We are getting better at dealing with the specific problem. Immigration would be a massive financial boost to the global economy. Economist Bryan Caplan calls it “Trillion Dollars Bills on the sidewalk”, but people have concerns. In his book “Open Borders”, he takes the concerns seriously and provides keyhole solutions. The step forward with Capitalism was realising win-win wealth creation beats win-lose wealth extraction. The same is true of Property Rights. Freedom of Movement (Capital, Goods, Services, Labour) doesn’t take anything away. You can surgically remove Global Apartheid while protecting the things we rightly value. Wealth Creation doesn’t require oppression. Holding someone down doesn’t lift anyone up.



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