People Who Live In Poor

Countries Are Poor Not Because Their People Are Lazy; Their People Are 'lazy' Because They Are Poor.

All The Alleged Key Causes Of Soe [state-owned Enterprise] Inefficiency - The Principal-agent Problem, The Free-rider Problem And The Soft Budget Constraint - Are, While Real, Not Unique To State-owned Enterprises. Large Private-sector Firms With Dispersed Ownership Also Suffer From The Principal-agent Problem And The Free-rider Problem. So, In These Two Areas, Forms Of Ownership Do Matter, But The Critical Divide Is Not Between State And Private Ownership - It Is Between Concentrated And Dispersed Ownerships.

There Are Different Ways To Organise Capitalism. Free-market Capitalism Is Only One Of Them-and Not A Very Good One At That.

The Invention Of The Printing Press Was One Of The Most Important Events In Human History.

Equality Of Opportunity Is Not Enough. Unless We Create An Environment Where Everyone Is Guaranteed Some Minimum Capabilities Through Some Guarantee Of Minimum Income, Education, And Healthcare, We Cannot Say That We Have Fair Competition. When Some People Have To Run A 100 Metre Race With Sandbags On Their Legs, The Fact That No One Is Allowed To Have A Head Start Does Not Make The Race Fair. Equality Of Opportunity Is Absolutely Necessary But Not Sufficient In Building A Genuinely Fair And Efficient Society.