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Jul 16, 2021Liked by Don Watkins

Great article; I especially loved the “Migration of Inventors” graph. I’m starting to look forward to Thursdays thanks to Ingenuism.

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It's a good article, but missing is the important wider point that phenomena like "agglomeration," interconnectedness, spontaneous cooperation, innovation, etc are subspecies of the most important aspect of capitalism - namely, a highly developed division of labor, which should be known as the "division of production." (H/T to Harry Binswanger for coining that term.) All progress, both material and intellectual, depends on an increasingly specialized and flexible division of production. Division of production is the source of the "cooperative knowledge" that is found only in a free society. In the hierarchy of the factors required for human flourishing, the freedom to associate and specialize stands above individual technical genius.

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Thanks Jim. That's an important point.

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