Fervent meditation of the Word of God in Holy Bible, vignette of my life, my family - immediate and extended, my nation - of birth and natural choice, deciphering Adam Smith's economic philosophy for prosperity and peace for all Filipinos - living in USA and Philippines.
Thursday, January 13, 2005
Zero-Sum Process...
Capitalism, says Economist Thomas Sowell, is not a Zero-Sum Process (one gains only if others loses). Capitalism works in economies that follow the pattern of allocation of scarce resources which have altenative uses.
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