“Come to China, and you will be impressed, as we are, with the material progress made over the last 30 years. China’s success is widely misunderstood. Then again, so is American capitalism. What does it take to produce prosperity? Property rights – you have to believe that you can control and enjoy what you produce. Stable money – you have to be able to count on the medium of exchange. Freedom of action – you have to be able to go on with your business without too much state intrusion. Meanwhile in the US, the planners… regulators… controllers… meddlers… and zombies – all those who prevent real prosperity – grew bolder and more numerous.”
http://bonnerandpartners.com/real-reason-american-capitalism-failing/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Welcome to Post-Constitution America
Ron Paul, Non-Interventionism: America’s Founding Foreign Policy
Blowback: How Torture Fuels Terrorism Rather Than Reduces It
The Secret History of G.I. Joe
Aaron Swartz and Intellectual Property’s Bitter-Enders
John Hussman: Judging the Future at a Speculative Peak
David Galland: The True Import of the Boston Bombings
Jeffrey Tucker: Is There A Viable Alternative To College?
Ivan Eland: The Endless Cycle of Terrorism
Jacob Hornberger: U.S. Soldiers Died for Empire and Hegemony
Officer Safety Uber Alles: Christopher Dorner and the "Rickoverian Paradox"
Election won't prevent pension crash
Oligarchies Masquerading as Democracies
Bill Bonner: Too Busy to Read Ben Graham? Do This Instead…
Iraq’s pain has only intensified since 2003