Lumifer comments on On Walmart, And Who Bears Responsibility For the Poor - LessWrong

13 Post author: ChrisHallquist 27 November 2013 05:08AM

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Comment author: Lumifer 26 November 2013 06:35:12PM 2 points [-]

Well, my point was more limited -- in the example the rich high-tech city lost wealth (which they will replenish eventually) and the poor village didn't gain anything.

You can get into a deeper analysis which would involve e.g. motivations and incentives (what happens to people who get used to living on free handouts?), necessary concentration of capital (a semiconductor fab costs a few billions of dollars, who will build it?), etc. but it's a large topic.