Erik Prince Quotes
When someone needs copper, or wood or an ag product, and they invest capital somewhere to make that happen, and people get jobs from that, and that good gets introduced to the world stage and it gets traded and moved, the whole world benefits.
Prince, Erik. Interview. South China Morning Post, Alibaba Group, 23 Jan. 2014.
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.
The colony, Darien, failed as the Spanish evicted the colonists. Yet Holland’s economic view of the advantages of international trade was remarkably prescient.
Erik Dean Prince is an American businessman, former U.S. Navy SEAL officer, and the founder of the private military company Blackwater USA, now called Academi. He served as Blackwater's CEO until 2009, and as its chairman, until its sale to a group of investors in 2010. Prince heads the private equity firm Frontier Resource Group, and served as chairman of the Hong Kong-listed Frontier Services Group until 2021.