The days when the free movement of capital could be assumed to be beneficial are over.
And it\’s one that\’s at the heart of Ritchie\’s maunderings.
Far more than anything about \”tax justice\” that\’s the goal he\’s got in mind. To prevent that free movement of capital. Something of a pity of course that he strives for this just as we see the beneficial effects of it: the greatest reduction in poverty in the history of our species.
But of course Ritchie suffers not just from the Dunning Krueger effect but also from Kip Esquire\’s Law. Not only does he erroneously think that he\’s competent to direct the capital investment plans of an entire nation, he thinks, erroneously, that if such a system existed then he\’d get to do the directing.
This has also been tried of course. In those very undeveloped nations that he claims to care about as well as here. Didn\’t work then and given the fuckwits who go into politics wouldn\’t work in the future either.
I\’d recommend he have a little read up on what happened to Ghana under Nkruma if he doesn\’t believe me.