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 The Age of Turbulence

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The Age of Turbulence Vide
PostSubject: The Age of Turbulence   The Age of Turbulence Icon_minitimeFri Feb 01, 2008 6:25 am
The Age of Turbulence Alan20greenspan20the20aps5

"There is no denying capitalism’s record. Market economies have succeeded over the centuries by thoroughly weeding out the inefficient and poorly equipped, and by granting rewards, to those who anticipate consumer demand and meet it with the most efficient use of labor and capital resources. Newer technologies increasingly drive this unforgiving capitalist process on a global scale. To the extent that governments "protect" portions of their populations from what they perceive as harsh competitive pressures, they achieve a lower overall material standard of living for their people.""
The Age of Turbulence, pp. 268-9.
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