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View Diary: What did Adam Smith really have to say... (105 comments)

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    Andrew C White

    a large chunk of n. Africa, the middle east, etc., do not use these basic capitalistic tenets (basic laws regarding ownership/lease of property, labor, stock).. particularly states like Libya. Egypt has major issues with property ownership as well.

    Niall Ferguson has a must read book out on this same topic. he was on NPR this morning..  he mentioned six major economic tenets which must be in place; one being the work ethic.. and he points out how the West attained dominance over the rest of the world by adhering to these tenets.

    http://www.amazon.com/...

    "I don't feel the change yet". Velma Hart

    by Superpole on Thu Mar 03, 2011 at 05:29:30 AM PST

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