Business | Schumpeter

Boneheaded anti-immigration politicians are throttling globalisation

There is something about border crossings that breeds insanity in America’s elected officials

Image: Brett Ryder

Laredo, on America’s southern border, does not look like a crown jewel. The Texan city of 250,000 people appears more like a dusty trading outpost in the middle of nowhere. Sure, it has a quaint centre. Laredo dates back to 1755, making it older than the United States—though for part of its history it was almost as poor (and not nearly as much fun) as Nuevo Laredo, the Mexican town just across the Rio Grande. Yet since the covid-19 pandemic, it has become a shining symbol of American commerce. This is expected to be the first year when the value of goods passing through Laredo eclipses that of any other port in America—even that of mighty Los Angeles, where stuff is shipped in from China.

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This article appeared in the Business section of the print edition under the headline “Build bridges, not walls”

From the December 16th 2023 edition

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