Skip to comments.North Korea's Plight Proves The Power Of Free Markets
Posted on 12/28/2011 4:01:36 AM PST by billflax
Kim Jong Il, North Koreas 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 Koreas 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 Koreas succession provides an opportunity to analyze what factors facilitate economic growth.
(Excerpt) Read more at forbes.com ...
“Hopefully, the Beloved Leaders son will see the light”
Mmmmm—I was just thinking the same about our “leader”, hussein.
Wonder what the "proper etiquette for mourning Dear Leader handbook" looked like?
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.
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
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