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- He could destroy us
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You will seldom hear a more vocal defender of capitalism than myself. I tend to be for allowing the market to find its own way, and keeping the government as far away from commerce as possible.Capitalism works on a few simple principles, which I’m sure I hardly need to recount to AI readers. But the most critical and most fundamental principle is that of incentives. Capitalism assumes that human beings react to incentives. If a system is devised which incentivizes people to work toward socially beneficial goals, then people will naturally perform socially beneficial activities. Hence why people strive to invent new products, devise new production processes, discover new medicines, etc. The dream of striking it rich compels people to pursue all sorts of positive achievements, and mankind has certainly benefited from these pursuits….
Original Source
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15 January, 2008| Economy |
@ 23:55
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