Thursday, September 17, 2009

Where Does Wealth Come From

This is a very provocative piece. It comments on an important dispute underlying politics in the United States, though it is never stated in this cleanly:

Who Are the Wealth Creators?

Is it labor? Is it the investment class? Is it management? Entrepreneurs? This is a vital question because one's answer will determine which groups one is likely to favor, and which public policy choices they are likely to make.