I met and had a drink on Thursday with an old friend who has just returned from getting married in
We reflected on the irony that having been decimated early on by Marxism, one of the most destructive intellectual exports of the west, the later infestations of western bad ideas have passed
As Ludwig von Mises observed, “Far from the wealth of one implying the poverty of others, the reverse is true: one can only acquire wealth by serving others.”
Real wealth means the ability to make choices – the freedom to produce and freedom to trade what one has produced means that the choices available to individual Chinese expand almost by the minute. The Chinese are busy making themselves rich.