Who Needs Borderless Nations if you have Borderless People?

August 5, 2018 in News by Ken

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source: www.zerohedge.com
by Joe Jarvis via The Daily Bell

The market thrives on competition. And governments are inherent monopolies. By its nature, a government monopolizes certain powers within particular borders.

But now more than ever, governments must compete with each other for residents. The best and brightest have options. And they can bounce around to countless jurisdictions before they find the right fit.

The title of an article from TechCrunch summarizes the trend: Digital Nomads are Hiring and Firing Their Governments.

From cryptocurrency millionaires in Puerto Rico to digital nomads in hotspots like Thailand, Indonesia, and Colombia, there is increasingly a view that there is a marketplace for governance, and we hold the power as consumers. Much like choosing a cereal from the breakfast department of a supermarket, highly-skilled professionals are now comparing governments online — and making clear-headed choices based on which ones are most convenient and have the greatest amenities available.

Of course, immigration is nothing new. But in past centuries, it was a slow process and there were fewer realistic options.

Now online tools exist that make comparing possible destinations easy.

Jobbatical lists jobs all over the world. But it also offers tools to help people make the move. You get support in making the move, so that the change isn’t so… well, foreign. They focus on companies who are searching the globe for the right talent, and ready and willing to bring that talent to them.

Nomad List lets you explore destinations with filters for all sorts of criteria. It offers a database of cities with countless data points and a network of other digital nomads.

These and other tools are assisting the “consumers” to find the best-fit government.

And in response, governments are finally feeling the market pressures of their policies.

Governments — at least, some of them — are realizing that the generators of wealth today increasingly have infinite choice about where they live. A little more friction in the immigration process from an extra visa form could mean hundreds of digital nomads simply switch their plane tickets somewhere else, depriving a country of innovative thought and critical revenues.

When countries see that their policies are attracting more investment, more skilled workers, and more tax paying residents, these policies are expanded. And when they see their bureaucracies repelling those benefits, they have an incentive to change.

And neighboring countries will move to compete with these policies. Estonia is leading the charge in e-citizenship and blockchain governance. But in the same region, historically authoritarian Belarus has created a special economic zone to incubate digital currencies and other tech companies.

Thank You, Digital Nomads

Digital nomads are like the avant-garde of choosing your own government. They are pioneers because they forged the path before it was clearly laid out. Digital nomads travel the world testing out various locations.

Which have the best internet, the easiest streets to navigate, or the most welcoming locals?

There are a million different criteria you could consider when deciding where to live. And government policies are a huge subset of factors.

Read more here: www.zerohedge.com