“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:
The American Surveillance State Is Here. Can It Be Evaded?
Why the Higher Education System Is Unsustainable (i.e. Doomed)
Former Clinton, Cameron Advisors: 'Why Bitcoin is on the money'
Jeffrey Tucker: How Medical Innovation Redefines Our World
Cannabis: History, Legalization, Regulation, & the Public Health Model
The JFK Assassination Marked the End of the American Republic
The Internet Has Been Conquered: Get Busy With the Next Steps
Larken Rose: What's So Bad About Nazis?
James Bovard: The FBI’s Forgotten Criminal Record
Paul Craig Roberts: Growing Up In America
Iraq back at the brink
The Security State: An Ever Bigger and Dumber Dinosaur
4 Ways Living Abroad Can Give You More Freedom
The Ecuadorian Library: or, The Blast Shack After Three Years
When Did the “Peace Officers” Get a “License to Kill”?