What’s emerging today is more self-interested and self-destructive. The dilemma of a rich society is that its prospects can be undermined by its very abundance. Countries preoccupied by distributional wars are distracted from production. The ambitions of many of its most talented members can be satisfied not by adding to the total output but simply by subtracting from someone else’s. They are merely rearranging economic assets among themselves. If taken too far, this promises more political division and economic decline.
Posted on: Mon, 30 Sep 2013 21:00:12 +0000
Trending Topics
Recently Viewed Topics
© 2015