Michio Kaku Quotes
Nations that use commodity capitalism as a stepping-stone to a mixed economy based on commodity/intellectual capitalism will most likely become rich.
Kaku, Michio. Physics of the Future: How Science Will Shape Human Destiny and Our Daily Lives by the Year 2100. Doubleday, 2011, p. 336.
Foreign trade creates jobs and eliminates jobs. The people who lost jobs as the result of increased foreign trade are readily identified while the job beneficiaries may never know the reason. So it is a hard political sell even though most of the economic studies have showed that more jobs of more value are created by trade than lost. However, the losers are generally blue collar workers while the beneficiaries are generally white collar and knowledge workers. So there is a socioeconomic class differentiation in the trade issue.
Michio Kaku is an American theoretical physicist, futurist, and popularizer of science (science communicator). He is a professor of theoretical physics in the City College of New York and CUNY Graduate Center. Kaku is the author of several books about physics and related topics and has made frequent appearances on radio, television, and film. He writes online blogs and articles.
