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200 Countries, 200 Years, 4 Minutes

200 Countries, 200 Years, 4 Minutes

06 Dec 2010
0 Comment
Toby Baxendale
Economics

Two academics, Richard Wilkinson and Kate Pickett, recently wrote a best seller, The Spirit Level, which purported to show how having a much more equal society delivers up much more prosperity for a much bigger number in that society. We published a critical review of it here, with reference to Christopher Snowdon’s The Spirit Level Delusion. I have read both books and will write up in full my views on the central contention of forcing policies of equality to produce a more “fair,” “just” and “equal” society when I have time.

For now, I recommend this video:

(H/T Sean Corrigan)

It is a fantastic pedagogic tool to show anyone the undisputed benefits of economic growth which are essentially capitalistic in nature all over the world. Even our “communist” countries nowadays have to use elements of the capitalist system via political control to deliver up growth. Glory growth and the inevitable inequality it brings; so long as the level is rising and rising, who cares if there is some inequality, we are all immensely better off!

About the Author
“Toby Baxendale is an entrepreneur who built up, amongst other things, the UK's largest fresh fish supplier to the Food Service sector, see www.directseafoods.co.uk, and recently sold it. Toby is dedicated to furthering the teaching of the Austrian school of economics. He established and funded the 1st Distinguished Hayek Visiting Teaching Fellowship Program at the LSE in Honour of the Nobel Laureate F A Hayek. Toby is Chairman of The Cobden Centre. Richard Cobden's timeless principles of the abolition of legal privilege of the few at the expense of the many are worthy in this day and age to promote.

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Tag Cloud

Austrian School Bank of England Banking Benjamin M. Anderson Economics F A Hayek Fractional Reserve Banking Fraud gold Hayek Lecture 2010 Henry Hazlitt Honest Money Huerta de Soto inflation Insight Jean Baptiste Say Ken Schoolland Keynes Keynesianism MIses Monetarism Quantitative Easing Regulation Richard Cobden Sean Corrigan
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