There are many forms of giving, but only one that generates general prosperity: capitalism. It does not begin with exchange, but with giving. It is not the state that creates prosperity, but the entrepreneur and businessman. The cause of mass prosperity is individuals, specific people, their actions and their ideas.
Compared to the USA, Europe is lagging behind in terms of information and communications infrastructure. A reexamination reveals: For too long, billions of taxpayers’ money have been invested in technologies of the past.
Economics is not a zero-sum game. In exchange, both sides always benefit. Exchange is the soul of the market and creates added value, and does so in a way that benefits everyone involved. A plea for economic enlightenment.
For years Bolivia was considered a successful example of the “Socialism of the 21st century”. An apparently booming economy blinded economists and politicians and obscured the view of a regime that was in reality authoritarian and corrupt.
