“It is a sorrowful reality that for the past century or more, people in the West have for the most part turned increasingly away from the economic system whose creativity redeems it and embraced instead systems whose hallmarks are economic irrationality, resource waste, bureaucratic tyranny, and ultimately mass impoverishment. Perhaps the great economic advances in Asia, where the market has been given wider scope in recent decades, will serve as a lesson to Westerners, pulling them back before they allow their governments to plunge them into the mass poverty from which their ancestors pulled themselves by means of the market system in earlier centuries.”

http://blog.independent.org/2013/08/28/creative-destruction-the-best-game-in-town/

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