What if no ship were larger than a kayak? What prosperity we’d enjoy then!

posted by
November 15, 2012
Cafe Hayek
by Don Boudreaux  
Posted in Commentary

"In the 15th century China’s Ming rulers sealed that nation off from ocean-going trade -- a policy that included cutting off the tongues of master shipbuilders to ensure that knowledge of how to build sea-worthy freighters would never be passed along. The resulting blow to China’s economic dynamism and growth was cataclysmic. While China’s policy today of banning super-sized freighters from Chinese ports is far less extreme, the effect will be in the same direction ..." (11/14/12)


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