Tag: Wealth and Poverty

Recommended by Ricochet Members Created with Sketch. QOTD: Your Wealth Does Not Create My Poverty

 

…most important was the insight, key insight that Adam Smith had – brilliant insight – that wealth is not zero-sum, that you can make more of practically everything that’s important.

He understood this even while he was still living in a largely agricultural economy. He realized that because somebody is rich, that’s not what makes other people poor. Wealth is not a pizza where, if I have too many slices, you have to eat the Dominos box. My wealth does not create your poverty. Your wealth does not create my poverty. They’re separate questions. And we can generate more wealth.

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Almost ten years ago to the day, I read an article in the Harvard Divinity Bulletin by a Professor Sally McFague, entitled ‘Cities, Climate Change and Christianity’. You heard that right. The professor blamed both the wealthy and traditional Christianity for the planet’s woes. It seems nothing’s changed. @drbastiat daughter has an assignment to write a […]

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Recommended by Ricochet Members Created with Sketch. Pencils Are Unsustainable

 

What goes into the making of a single pencil? In 1958, Leonard E. Read asked himself that very question — and wrote an elegant explication:

I, Pencil, simple though I appear to be, have a profound lesson to teach…. And I can teach this lesson better than can an automobile or an airplane or a mechanical dishwasher because — well, because I am seemingly so simple.

Member Post

 

From Wealth and Poverty: A New Edition for the Twenty-First Century, by George Gilder: Comfortable failure will always and inevitably turn to politics to protect it from change. Just as declining businesses turn to the state, people and groups that shun the burdens of productive work and family life will proclaim themselves a social crisis […]

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