"The "modern economic system" produces nothing. Echoing John
Medaille's point that Portugal produces nothing - traders do, a
modern economic system produces nothing - people do."
Pedants should be forced to read both volumes of James Meade's
two-volume Theory of International Economic Policy. There indeed,
countries do nothing. All economic activity is carried out by
`residents of country A' or `residents of country B'. This is
absolutely correct and, I've always suspected, is one reason this
important work has been widely ignored.
June Flanders