The reason why Mexican immigrants make more money as mentioned in the article in the US would be erased under open borders. It would be a race to the bottom, globally.
Would you prefer to work a month to be able to afford a shirt, like it was just a few centuries before? Or do you prefer when "race to the bottom" made the cost of the same shirt into a few hours of work?
A global race to the bottom is what the Economist, and its owners the Rothschilds, want. An atomized replaceable-cog society made up on indistinguishable consumer units.
I'm amazed that the name "Rothschild" still has the power to stir up conspiracy theories in 2018.
Rothschild holds only a small minority stake in The Economist.
I think it's less that this article wants to create a race to the bottom, and more that you fear the idea of the 1st world life you lucked into by birth being disrupted by a large influx of poor people who weren't so lucky in the birth lottery.
Jeez these new Nike's I have on are super comfortable.
Did the Rothschilds go bankrupt, and lose all their money, or something?
They (the family collectively, or the family trust, however you wish to address their finances) were billionaires by the 1850s, at the latest.
"On July 18, 1815, a courier working for Rothschild informed the English government that Napoleon appeared to be suffering defeat at Waterloo... Rothschild began selling all of his bonds, encouraging rumors that Napoleon had won and that English government paper would soon be worthless. Due to Rothschild's reputation as an influential and respected investor, the panicked English public followed his lead. The mass selling resulted in a total collapse of the English stock exchange.
"It was then that Rothschild's agents began snatching up bonds and stock at record-low prices. Two days later, when Wellington's envoy confirmed that Napoleon Bonaparte had indeed suffered a crushing defeat, Nathan Rothschild was effectively in control of the English stock exchange. As of 2015, the English government was still paying back money owed to the Rothschild family from this Napoleonic maneuver."
I don't believe in your (and the Economist's) false dilemma that my 1st world has to suck and I have to work for slave wages in order for people in the 3rd world to have better lives.
> you fear the idea of the 1st world life you lucked into by birth being disrupted by a large influx of poor people who weren't so lucky in the birth lottery.
The reason why Mexican immigrants make more money as mentioned in the article in the US would be erased under open borders. It would be a race to the bottom, globally.