By that argument, it seems like you would be in favor of being extremely selective about who becomes your next fellow countryman. If he turns out to be a liability, you're just that little bit further away from being the next superpower. He may well not, but what if he does?
Could there be social welfare costs? Rising income inequality? Unemployment of current citizens?
If you want to frame the problem in economic terms, a frank discussion of the risks is mandatory. Right now we usually talk about it like a ca. 2008 banker might have talked about naked credit default swaps. Sure, there might be a risk. But think of how much money we can make!
Could there be social welfare costs? Rising income inequality? Unemployment of current citizens?
If you want to frame the problem in economic terms, a frank discussion of the risks is mandatory. Right now we usually talk about it like a ca. 2008 banker might have talked about naked credit default swaps. Sure, there might be a risk. But think of how much money we can make!