No, you have understood me fine. Now you're ready to drop out from Economics.

Why invest your money where you get a 5 % return if you can invest it where you get a 10 % return?

You see, the only ones that ultimately benefit are those with offshore capital, and those who have an absolute advantage. But a global race to absolute advantage spells the end of cooperation on many levels. It's a dog-eat-dog world and there is no reason for the many who don't have an absolute advantage to agree with the few who do have absolute advantage in something in order to set up a legal [i.e., consensual] framework that reduces economic activity to the endless chase for absolute advantage. In a Ricardian world all you need is a comparative advantage, and everyone more of less) has a comparative advantage. Pity indeed.

Bush is a symptom, not the disease.