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Episode 137: Bryan Caplan discusses open borders

Elucidations

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What's Going on in the First World?

Even in the richest countries, there's a lot of poorly managed firms. The most successful companies s i the first world are run at a level of quality that's kind of hard to imagine until you actually get inside. But when you go to poor countries, you'll see that most of the firms are nepotistic. And economically speaking, not all time is created equal. Some people are ultra productive and contribute a lot to the world. To really unlock we need to realizes the main point of a service is to save time. You have contributed more to humanity by saving the time of a more productive person.

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