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Alex Barnes - Toronto's avatar

Congratulations! I recently finished reading your first book and enjoyed it very much. The Five Keys to Progress is a useful model for understanding the world

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ssri's avatar

Your 4th Key to Progress; " High value-added export industries" is perhaps the one that is least intuitive of the 5 that you have discovered or recognized. Thinking about it a little more, it strikes me as having two related aspects:

1) somewhat related to the idea from Bastiat (or was it Ricardo?) that you have to have been able to produce something to have something of value to offer to the market so you can buy the produce of others, or as John Tamny phases it, "production [aka supply] comes first".

2) it is part of the cross sharing of innovations necessary to truly advance progress [even though I might prefer your original phrase “Prosperity theory.” ]

Looking forward to your posts for 2025, even if I don't have time to read or respond to everyone.

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