Thursday, August 04, 2005

competition creates stability

Here's a typical, everyday business headline: Rupert Murdoch Becomes NY Post Publisher. Nothing special here, he already owns it, so what's the big deal? The big deal is the reminder that foreign businesses (Murdoch was Australian) choose America, and other highly regulated states. Of course they want their personal regulation to be minimized - News International famously pays almost no taxes - but they place their headquarters and most of their investment in countries that have MORE regulation, not less.

Imagine a world where people could chose their own nation. Would this create chaos? Would we lose all our rights and privileges? Quite the opposite. Businesses choose well regulated, stable nations that pay their people well. Sure, they also like cheap labor, but they place their headquarters in the regulated nations. If we could all choose our own nation, stability and good regulation would be rewarded with investment.

There is really no excuse for today's fixed borders. They serve no purpose other than to allow corruption, and to trap people as slaves inside failed states.

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