“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/
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