This is video is the modern day representation of Leonardo Read's must read classic I, Pencil.
Two points here:
One, nobody knows how to make a product on their own or the folly of self-reliance as peddled by politicians. This emphasizes the importance of the division of labor (or Prof. Kling's Patterns of sustainable trade and specialization).
Second, division of labor implies that products have been "made everywhere", which today, extrapolates to the global supply chain networks or "globalization"--which is why politically colored claims of "Made in China" have been utterly fallacious.
Two points here:
One, nobody knows how to make a product on their own or the folly of self-reliance as peddled by politicians. This emphasizes the importance of the division of labor (or Prof. Kling's Patterns of sustainable trade and specialization).
Second, division of labor implies that products have been "made everywhere", which today, extrapolates to the global supply chain networks or "globalization"--which is why politically colored claims of "Made in China" have been utterly fallacious.
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