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True Capitalists Are Pro-Market, Not Pro-Business June 8, 2012

Posted by proeconomia in Main, On the crisis, Opinion, Science and technology, Trade.
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Could not have been stated batter. A great article from Stephen Carter @ Yale Law on a new book by Chigago Professor Luigi Zingales, read the whole thing. Here is a nice excerpt:

“The real trouble, he (Zingales) contends, is the death of the Horatio Alger myth. People no longer believe that hard work and following the rules will get you ahead. The game, they believe, is fixed. Zingales thinks they’re right. Special interests — particularly big business and big labor — hold too much influence over the divvying up of resources that has become among the most important functions of government. His solution, however, is less regulation, not more. He prefers fewer and simpler rules, and a government that encourages entrepreneurship without trying to become an entrepreneur.”

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