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A comment on Money Out of Nowhere: How Internet Marketplaces Unlock Economic Wealth. Parent comment

Re:Money Out of Nowhere: How Internet Marketplaces Unlock Ec... by scottlocklin on Friday March 01, 2019 @02:06PM (#19284183)
The Wiki page is pretty good, but there are simply vast lacunae in this idea. For example: https://www.nber.org/papers/w5625

Economists treat it like it was a proof, but it wasn't; it's a sort of shaggy dog story in service of an ideology.

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Re:Money Out of Nowhere: How Internet Marketplaces Unlock Ec... by devoply on Friday March 01, 2019 @03:37PM (#19285010)
Well you want people you have making clothes for $2/hr to believe economic nonsense like that.
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Re:Money Out of Nowhere: How Internet Marketplaces Unlock Ec... by barry-cotter on Friday March 01, 2019 @06:12PM (#19286229)
Those people don’t know anything about comparitive advantage. They just know that working in a sweatshop pays better than working on a subsistence farm, which is their other option.
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Re:Money Out of Nowhere: How Internet Marketplaces Unlock Ec... by Mirioron on Saturday March 02, 2019 @05:12AM (#19288564)
They also know that working indoors on manufacturing is an easier job than farming. Farming is one of the more dangerous professions even.
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