>> I don't think that economic parity across nations should be a primary goal of any nation's policy, but I do think it is basically an inevitable, positive side effect of trade.
> This should definitely be a goal of anyone who cares about alleviating global poverty and suffering.
Agreed it is very admirable to spend your wealth, time, or influence in a ways that alleviate real poverty around the world. However I don't think it is in the contract between citizens of a nation that their taxes should be spent on this to a large extent.
> It's not though, because the sudden influx of foreign money in a concentrated number of hands causes inflation in the home country, making the cost of living higher for those living there, while the majority are still working lower paying jobs. Not to mention the efficiency loss from the fact they're driving down wages in the host country; so they're losing market value on one end, and then driving inflation on the other (and when prices are higher than the local economy can support it's not efficient).
Being from the US where people want to immigrate to, I haven't thought about this a whole lot and not sure if I understand all of what you are saying. Surely having a wealthy outside investor who is originally from your own country is better or at least equal to another outside investor? Do people lose voting rights when they emigrate, for most countries? (not rhetorical)
> Also, maximum efficiency often comes at the cost of driving the price of labour down. If everything was 100% efficient, far less labour would be required than is being used right now, so in the end it comes down to ownership of capital and how things are distributed.
Again agreed, although the price of capital and living should also be falling! I am not sure what we are talking about with regard to good and bad economics being a thing. All of that was just answering your correct call for clarification about what I meant above.
