Wednesday, October 31, 2007

The Global Poverty Gap

Sensible Robert Samuelson writes about The Global Poverty Gap discussed in a new book by Gregory Clark.

Money Q:

"By and large, nations have either lifted themselves up or have stayed down. Societies dominated by tribal, religious, ideological or political values that disparage the qualities needed for broad-based growth will not get growth. Economic success requires a tolerance for change and inequality, some minimum level of trust -- an essential for much commerce -- and risk-taking. There are many plausible combinations of government and market power; but without the proper cultural catalysts, all face long odds."

That elephant hiding over there in the corner is Iraq.

23 Comments:

Anonymous randal said...

Clearly an argument for free market Capitalism and against backward and misguided Socialism.

October 31, 2007 at 10:09 AM 
Blogger Spencerblog said...

Not really.

The argument can be summed up this way: "It's the culture, stupid!"

November 1, 2007 at 8:32 AM 
Anonymous Anonymous said...

Spencer:

You are right, it is the culture. In fact, it is the culture that the filthy dems want to take us to.

November 1, 2007 at 9:11 AM 
Anonymous randal said...

Right, Anon.

And the article was advocating free market risk-taking, etc, as problem solving as opposed relying on government controls. That’s clearly Cap. vs. Soc. (R vs. L).

November 1, 2007 at 10:28 AM 
Anonymous Anonymous said...

Randal:

You are right on, and my last post was not meant to take anything away from your comment. I think that Gil was using "culture" as the embodiment of conservative values, although local conservatives running for office only talk about fiscal conservatism, and not family values or faith.

November 1, 2007 at 11:23 AM 
Anonymous randal said...

We keep hearing how the Right has strayed from its fiscal conservative roots –and this may be true to an extent. (Although on a local level the Repubs have done a fine job of keeping a rein on taxes.) But what is not mentioned is the fact that even a reckless Repub on a spending spree is still many times better than the full-blown oppressive Socialism we’d find ourselves under if the LibDems had their free spending way.

Just look at the radical new Socialist spending Hillary has proposed …or Landau. For example, Delco has done quite fine all this time without a multi-million-dollar-a-year Heath Department that is sure to hammer us with a huge tax increase. And now, suddenly that it is election season somehow there is this drastic dire need for one? Just because the LibDems say we need one and keep repeating that lie until enough people believe it? Nah. They’re lying to us.

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