Monday, August 20, 2012

Niall Ferguson: The Six Killer Apps of Prosperity

1. Competition

2. The Scientific Revolution

3. Property Rights

4. Modern Medicine

5. The Consumer Society

6. The Work Ethic

Today we have the welfare state destroying the work ethic, cronyism between government and business degrading competition, and property rights continuing to be eroded by government. We are still advancing forward through the efforts of the few with the scientific revolution, modern medicine and the consumer society.

Ferguson's three questions:

1. Is the west deleting its own apps?

2. Does the sequencing of the download matter, and what happens when countries get the sequence wrong?

3. Can China continue to prosper without private property rights?

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