How The Elites Betrayed Working-Class America
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Title : How The Elites Betrayed Working-Class America
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Title : How The Elites Betrayed Working-Class America
link : How The Elites Betrayed Working-Class America
newstoday-ok.blogspot.com ~Win-win deals get people more of what they want. Win-lose deals – usually imposed by government – bring them less. The few (the insiders) use government to exploit the many (the rest of us).
Win-lose deals also depress economic progress for everybody. Partly, this happens for an obvious reason.
Dropping the atom bomb on Hiroshima was a technical milestone, but not the kind of progress we’re talking about. Progress only makes sense if it means that people are able to get more of what they want.
By definition, when a person is forced into a bad deal, he gets less of what he wants.
Progress is also a learning process. You try something. You see what works and what doesn’t. As people experiment in this way, they learn… and the economy accumulates knowledge and wealth.
Win-lose deals also depress economic progress for everybody. Partly, this happens for an obvious reason.
Dropping the atom bomb on Hiroshima was a technical milestone, but not the kind of progress we’re talking about. Progress only makes sense if it means that people are able to get more of what they want.
By definition, when a person is forced into a bad deal, he gets less of what he wants.
Progress is also a learning process. You try something. You see what works and what doesn’t. As people experiment in this way, they learn… and the economy accumulates knowledge and wealth.
They learn to get to work in the morning, for example… to say please and thank you… to save their money… and to invest it wisely.
Win-lose deals interrupt the learning process. That’s why welfare programs fail: People get money without learning.
Win-lose deals interrupt the learning process. That’s why welfare programs fail: People get money without learning.
Temptation to Cheat
That is the real reason the Soviet Union failed, too.
Consumers were forced to buy whatever shoddy products were made available to them; producers had no way to learn how to make good ones.
Toward the end, products available for purchase in the Soviet Union were worth less than the raw materials and labor that went into them.
What do you need for win-win deals?
More
That is the real reason the Soviet Union failed, too.
Consumers were forced to buy whatever shoddy products were made available to them; producers had no way to learn how to make good ones.
Toward the end, products available for purchase in the Soviet Union were worth less than the raw materials and labor that went into them.
What do you need for win-win deals?
More
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You are now reading the article How The Elites Betrayed Working-Class America With link address https://newstoday-ok.blogspot.com/2017/07/how-elites-betrayed-working-class.html
