Comment by overfeed
16 days ago
> That is true, but it does not prove that capital has no borders ( original point of contention ).
Which is easier to execute: legally investing on a goat project on Mongolia or Djibouti over 2 years vs legally living there for 2 years?
It's self evident that there are far fewer hurdles for capital to transcend national borders than people. I am not certain if your argument is that the existence of minimal friction proves that there are borders for capital. If so, I'll concede that capital crossing market and judicial boundaries will encounter some minor bumps - typically from the country of origin. This heavily contrasts with labor, which faces significantly more resistance, and the resistance is from the destination country/market/juridiction. Would you agree with "Countries bend over backwards for capital inflows, including from individual investors"? It's a mouthful, but perhaps expresses the same sentiment.
<< Would you agree with "Countries bend over backwards for capital inflows, including from individual investors"? It's a mouthful, but perhaps expresses the same sentiment.
I think so. It sounds closer to what seems to be happening. In any event, thank you for this conversation.