> The costs of European political division into multiple competing states were substantial: they included almost incessant warfare, protectionism, and other coordination failures. Many scholars now believe, however, that in the long run the benefits of competing states might have been larger than the costs. In particular, the existence of multiple competing states encouraged scientific and technological innovation.
I wonder if this is still true today and if globalism will ultimately make us worse off?
I wonder if this is still true today and if globalism will ultimately make us worse off?