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Justin Fox

The Rise of the Zero-Sum Pie-Shrinkers

The new administration doesn't want to create new wealth -- only redistribute it.
Same pie. Smaller slices.

Same pie. Smaller slices.

Photographer: Justin Sullivan/Getty Images

The Donald Trump administration’s crackdown on travel to the U.S., although targeted at just a few nations and pitched as a terrorism-fighting move, has led to not-unreasonable worries that getting in and out of the U.S. will soon become a lot more difficult for all foreign nationals.

For businesses and others (universities!) that depend on foreign talent, foreign customers or both, this is understandably alarming. As Christopher Mims put it in a Wall Street Journal column today on the tech industry’s concerns: