Well, my point was more limited—in the example the rich high-tech city lost wealth (which they will replenish eventually) and the poor village didn’t gain anything.
You can get into a deeper analysis which would involve e.g. motivations and incentives (what happens to people who get used to living on free handouts?), necessary concentration of capital (a semiconductor fab costs a few billions of dollars, who will build it?), etc. but it’s a large topic.
Well, my point was more limited—in the example the rich high-tech city lost wealth (which they will replenish eventually) and the poor village didn’t gain anything.
You can get into a deeper analysis which would involve e.g. motivations and incentives (what happens to people who get used to living on free handouts?), necessary concentration of capital (a semiconductor fab costs a few billions of dollars, who will build it?), etc. but it’s a large topic.