The Washing Machine Changed The World More

Making Rich People Richer Doesn't Make The Rest Of Us Richer.

Between The Great Depression And The 1970s, Private Business Was Viewed With Suspicion Even In Most Capitalist Economies. Businesses Were, So The Story Goes, Seen As Anti-social Agents Whose Profit-seeking Needed To Be Restrained For Other, Supposedly Loftier, Goals, Such As Justice, Social Harmony, Protection Of The Weak And Even National Glory.

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.

In Manufacturing, Where Mechanization And The Use Of Chemical Processes Are Much Easier, It Is Easier To Raise Productivity Than In Services. In Contrast, By Their Very Nature, Many Service Activities Are Inherently Impervious To Productivity Increase Without Diluting The Quality Of The Product.