The greatest threat to mankind's prosperity is government. A recent example is Zimbabwe's increasing misery. Like our country, Zimbabwe had a flourishing agriculture sector, so much so it was called the breadbasket of southern Africa. Today, its people are on the brink of starvation as a result of its government. It's the same story in many countries -- government interference with mankind's natural tendency to engage in wealth-producing activities. Blaming poverty on overpopulation not only lets governments off the hook; it encourages the enactment of harmful policies.On a related note, "The New Religion" also from Adam Smith Blog.
blogging my (mis)adventures in China between and during bouts of jetlag peppered with random thoughts on investing, strategy and development
Tuesday, July 29, 2008
Quote of the Day
From CapMag The Ultimate Resource (probably titled after the book of the same name by Julian Simon, h/t Adam Smith Blog):
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