The Economist (June 11)
“Britain is stuck in a 15-year rut. It likes to think of itself as a dynamic, free-market place, but its economy lags behind much of the rich world. There is plenty of speechifying about growth, and no shortage of ideas about how to turn the country round. But the mettle and strategic thinking that reform requires are absent.”
Tags: Dynamic, Economy, Free market, Growth, Ideas, Lags, Mettle, Reform, Rich world, Rut, Speechifying, Strategic thinking, UK
Forbes (March 25)
The world’s ranks of billionaires has expanded to 1,426 and as a group they are richer than ever. “The impressive increase in the net worth of the world’s billionaires and the fact that there are 200 more of these folks than there were a year ago will have leftists everywhere decrying the growing gap between the haves and the have-nots…. But don’t blame these rich…. The overwhelming majority of these people have moved ahead through meeting the needs and wants of other people, not through inheritances or crony capitalism. Their successes didn’t come at the expense of everyone else. Free-market capitalism is not a zero-sum system.”
Tags: Billionaires, Capitalism, Free market, Have nots, Haves, Inheritance, Success
