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Politics : Mainstream Politics and Economics

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FJB

To: FJB who wrote (54067)	10/2/2013 3:13:41 PM
From: TimF	1 Recommendation of 85487

Don't they notice that cellphones, cars and air conditioning keep improving yet "poor" people are able to buy them? No. They don't understand that market competition helps everyone, especially the poor. "Queen Elizabeth owned silk stockings. The capitalist achievement does not typically consist in providing more silk stockings for queens but in bringing them within the reach of factory girls in return for steadily decreasing amounts of effort." - Joseph Schumpeter

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