Tuesday, December 26, 2006

applying some logic to economic "disparities"

A great article by Thomas Sowell today over at RCP.
Who are these minority of the world's population who own a majority of the world's wealth?

They are the population of the United States, Western Europe, Japan and a few other affluent countries. How did these particular people come to possess so much more wealth than other people?

They did it the old-fashioned way. They produced the wealth that they own. You might as well ask why bees have so much more honey than other creatures.

Read the whole thing.

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