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The Glories of Capitalism 01.30.12 |
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The glories of free-market capitalism are capacious. It has lifted hundreds of millions of people from bare subsistence to astonishing wealth. It has given us life-saving medical marvels, grocery shelves groaning with plenty, and phones that let you dial long-distance in the middle of a cornfield.
But its glories are not limitless. And the outer boundary of capitalism's blessings stops just shy of the dill-pickle potato chip.
You might differ on this. To you, some other product might better demonstrate how market economics' blessings are mixed: The DeLorean. Harley-Davidson perfume. The Apple Newton. British TV's Heil Honey, a short-lived sitcom about (no kidding) Adolf Hitler and his Jewish neighbor. The Kardashian franchise.
From OutloudOpinion - For Podcasts of IBDeditorials, The New Republic, and Over 30 Syndicated Columnists, go to www.outloudopinion.com |
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