“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/
Related posts:
The Final Nail in the Coffin: The Death of Freedom in Our Schools
Andrew Bacevich: How We Got Here
The Myth of Scandinavian Socialism
Ron Paul: Nixon’s Vindication
Bill Bonner: The Curse of Lawrence of Arabia [2002]
Charting Insolvency: Social Security and Wages
Government's Spirit-Crushing Hatred Of Lemonade
The Supreme Court Case That Handed America Over to the Bankers
'Teen Culture', The Imperialism Of Consumerism
Anarchy: The Basis for a Civilized Society
A Little Bit Of History To Think About
2014: The First Year of the 21st Century Dark Age
Criminalizing Americans for Government Profit
The Devil's Chessboard: How the First CIA Director Collaborated With Nazis
My Journey in the World of Copyrights