This is the Cano Daily Podcast for Tuesday, October 17th,

2023, and Caleb Brown.

The global economy is not some geopolitical zero-sum game, far from it.

The exchange, trade, sharing of ideas and innovations

on a continuous basis is what has lifted hundreds

of millions of people out of abject poverty.

Yet the fight for free markets must persist.

And Cato's John Norberg has a new contribution, The Capitalist Manifesto,

Why The Global Free Market will save the world. We spoke last month.

Yeah the problem is that we have to keep on nagging and keep on reminding people of the principles of open societies and free economies because the same kind of myths keep on reappearing.

So when I wrote in defense of global capitalism 20 years ago.

There are other concerns nowadays.

People might have bought some of the things that we've said back then

that globalization won't result in exploitation of poor countries. On the

contrary, we've seen the rise of what's popularly called the global south in the

countries that opened up and integrated into the global economy and reduced poverty dramatically.

But then, once people have learned that, since they still think that the economy is a zero-sum game,

they think that we are the ones who lose out and that we

suddenly in rich countries we lose jobs we end up with de-industrialization and

deepening inequalities and I'm trying to address those new concerns and the

rise of China and how to tackle global warming and what's what's topping the agenda right now basically?

There has been I think an improvement in the thought of a lot of development economists over the last 20 years where it was

...