Thursday, October 30, 2008

A Newer, Better, Softer Socialism?

Anyone who speaks glibly of "spreading the wealth around" sees wealth not as resulting chiefly from individual effort, initiative, and risk-taking, but from great social forces beyond any private producer's control. If, say, the low cost of Dell computers comes mostly from government policies (such as government schooling for an educated workforce) and from culture (such as Americans' work ethic) then Michael Dell's wealth is due less to his own efforts and more to the features of the society that he luckily inhabits.
That's Don Boudreaux (GMU) in the Christian Science Monitor (CSM). Check it out.

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