The design of the United States economy

How does this system actually work? Through:

  1. Individual liberty and the human mind
  2. Right to own property and the rule of law
  3. Price as the means to allocate scarce resources and create social change
  4. Competition as a price regulator and change agent
  5. Profit as an incentive and not a purpose
  6. Creative destruction from technology development
Globalization and free trade that improves each society's standard of living. Read the article relating to Globalization Defined.

Quote of the day

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
Milton Friedman (economist).




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Globalization Defined
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Economy

Capitalism has proven to be the only social model that improves the standard of living for people and it is creating significant global business and social opportunities in the long term, but there are also significant structural issues that could derail long term economic growth. Presented here are brief summaries from some of the best thinkers and businesses for you to examine, along with some high level information. Read the article

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