Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

North Korea's Plight Proves The Power Of Free Markets
Forbes ^ | 12/27/2011 | Bill Flax

Posted on 12/28/2011 4:01:36 AM PST by billflax

Kim Jong Il, North Korea’s despised Marxist dictator has met his Maker. While not someone many will miss, there are lessons to glean while we anxiously wait for what the future might bring his beleaguered subjects.

North Korea ranks among the poorest countries in Asia. Her people suffer brutal persecution under the despots from Pyongyang who forcibly restrict virtually any private economic activity. Compared to South Korea’s vibrant markets, the deplorable plight of North Korea seems painfully unnecessary.

Men have debated what characteristics usher affluence since time began. Various explanations have sought to elucidate why some groups prosper whereas other peoples seem predestined for perpetual impoverishment. North Korea’s succession provides an opportunity to analyze what factors facilitate economic growth.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: capitalism; communism; northkorea; tyranny
Happy New Year
1 posted on 12/28/2011 4:01:44 AM PST by billflax
[ Post Reply | Private Reply | View Replies]

To: billflax

“Hopefully, the “Beloved Leader’s” son will see the light”

Mmmmm—I was just thinking the same about our “leader”, hussein.


2 posted on 12/28/2011 4:08:38 AM PST by freeangel ( (free speech is only good until someone else doesn't like it)
[ Post Reply | Private Reply | To 1 | View Replies]

To: freeangel

Awesome!


3 posted on 12/28/2011 4:12:35 AM PST by billflax (Fighting the good fight.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: billflax

4 posted on 12/28/2011 4:51:06 AM PST by Doe Eyes
[ Post Reply | Private Reply | To 1 | View Replies]

To: billflax
Just watching all the "Pity Parties" with all the forced crying/wailing/gnashing of teeth, I have seen better acting in kindergarten plays.

Wonder what the "proper etiquette for mourning Dear Leader handbook" looked like?

5 posted on 12/28/2011 4:55:03 AM PST by N. Theknow (Kennedys=Can't drive, can't ski, can't fly, can't skipper a boat, but they know what's best for you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Doe Eyes
North Korea's plight proves the power of freedom. Free markets canot be had without freedom.

The denizens of the United States are about to learn this the hard way. How? As more and more of the new voter\s are educated in the educational system they become unable to make their day-to-day living decisions and demand via their votes, that the Government take control of their lives and make the decisions for them. This the Governmental bureaucrats will be more than happy to do.

Living free requires intelligence. It does not require rormal education, but, it does require intelligence.

6 posted on 12/28/2011 5:01:04 AM PST by sport
[ Post Reply | Private Reply | To 4 | View Replies]

To: billflax

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as “bad luck.”

- Robert Heinlein


7 posted on 12/28/2011 5:35:07 AM PST by Lonesome in Massachussets (Ceterum autem censeo, Obama delenda est.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson