A Well-designed Welfare State Can Actually Encourage

The History Of Capitalism Has Been So Totally Re-written That Many People In The Rich World Do Not Perceive The Historical Double Standards Involved In Recommending Free Trade And Free Market To Developing Countries.

The Invention Of The Printing Press Was One Of The Most Important Events In Human History.

95 Percent Of Economics Is Common Sense Made Complicated, And Even For The Remaining 5 Percent, The Essential Reasoning, If Not All The Technical Details, Can Be Explained In Plain Terms.

It Takes Time And Experience To Absorb New Technologies, So Technologically Backward Producers Need A Period Of Protection From International Competition During This Period Of Learning. Such Protection Is Costly, Because The Country Is Giving Up The Chance To Import Better And Cheaper Products. However, It Is A Price That Has To Be Paid If It Wants To Develop Advanced Industries.

We Are Not Smart Enough To Leave Things To The Market.