Current Events — HabitableZone

Current Events » in reply to De Soto's "The Mystery of Capital"

Fascinating!!
Bowser — (archived)

Thanks.

I can agree with him completely, and I'd have to add one more factor.

The entrepreneurs in Third World countries I've see are extremely hard working. The beggars are hard working, and they get nowhere for the reasons he states. (And, things are confiscated by legal and illegal bullies.) There's no lack of energy or smarts.

What I would add, and would be controversial, is that NO ONE should be allowed to accumulate too much capital, or should be allowed to pass too much capital onto the next generation. Capital should not be allowed to accumulate without restriction.

When that is allowed, the system begins to become skewed, and, according to that religious broadcaster, "when the laws can be used to plunder, the plunderers will make the laws." Then the middle class doesn't have much of a chance.

I realize that drives some folks nuts, and I'm not saying it to do so. Capitalism needs to be limited, somehow, or unrestrained it is as evil as any other unrestrained economic system. However, it seems to be the only way to raise the standard of living of the average Joe and Jill.

Thanks again. Interesting book.

Arf

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