September 14, 2005

My take: It's good

Glenn Reynolds mentions a new book, Flight Capital:
Amazon.com Book Description The best and brightest in America are returning to their homelands in record numbers-and with them is going U.S. technological and economic preeminence. In Flight Capital, we explore this exodus through the personal stories of dozens of successful, foreign-born professionals who are leaving America for opportunities in their native lands. Drawing on their experiences, Heenan analyzes the economic, cultural, and political factors that are driving this flight, as well as the initiatives that countries are using to attract top talent.
This isn't bad, it's GOOD. We want all the other countries to do well, because the only way to do so is to become more like the United States. These people are carrying our "memes," like infectious agents.

They are not going back to, say, India, because they dislike the Rule of Law, economic opportunity, openness in financial markets, tolerance, a "high-trust" culture, etc. They think the old country is moving in that direction, and that there are opportunities because of it. And they will be pushing for more of the same. Posted by John Weidner at September 14, 2005 9:36 AM
Weblog by John Weidner