Tuesday, December 30, 2014

Kevin Williamson pays proper homage to free market capitalism:

The aggregate effect of competitive capitalism is indistinguishable from magic, but we are so used to its bounty that we never stop to notice that no king of old ever enjoyed quarters so comfortable as those found in a Holiday Inn Express, that Andrew Carnegie never had a car as good as a Honda Civic, that Akhenaten never enjoyed such wealth as is found in a Walmart Supercenter. The irony is that capitalism has achieved through choice and cooperation what the old reds thought they were going to do with bayonets and gulags: It has recruited the most powerful and significant parts of the world's capital structure into the service of ordinary people. And it would do so to an even greater degree if self-interested politicians in places such as India and China (and New York and California and D.C.) would get out of the way.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home