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Politics : Politics for Pros- moderated

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To: Mary Cluney who wrote (328270)	10/9/2009 10:38:41 AM
From: skinowski	17 Recommendations Read Replies (1) of 793706

If you had to explain America’s economic success with one word, that word would be “education.” I disagree. It was respect for individual rights and the spirit of entrepreneurship. Education was and remains important - but the USSR had a very decent and completely free educational system, and yet their "economic success" remained... well below par, to put it politely. China has more smart people - many of them educated - than our entire population. And yet, it's taking them a while to catch up. Whatever economic success they enjoy did not take place until they embraced a very considerable degree of economic liberation and respect for ownership - and a market style of economic thinking. Sometimes I find Mr. Krugman - with all his fame and his Nobel and all that - to be, with all due respect, not all that terribly bright.

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