Wednesday, September 23, 2009

A Blueprint for Long-Term Prosperity

This wonderfully centrist article in The Economist perfectly defines what I believe to be the ideal roles of business and government. The article's major contentions are:
  • Entrepreneurship is the key because only new products and services can keep quality of life improving.
  • Non-entrepreneurial businesspeople, such as corporate raiders, arbitragers, financial instrument brokers (e.g., those exotic CDOs and CMOs that helped trigger the financial crisis) are the bad guys.
  • A modest amount of government regulation is needed to control the aforementioned bad guys.

1 comment:

karim said...

Very thoughtfull post on prosperity .It should be very much helpfull.

Thanks,
Karim - Creating Power

 

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