20 Jul 2012

Missing the point

I've co-authored a chapter on "land grabs" [pdf] in which we question the accuracy of this populist wording. Isn't foreign direct investment good? How can you tell the difference between a "bad grab" and "good FDI"?

Well, some people are more sure of themselves, as you can see in this slide.

That definition, unfortunately, excludes voluntary exchanges in markets, i.e., trade. How did the authors of this definition not see their error? Most of them are neo-marxists who do not trust markets.