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Home » CurrentEvents

George Gilder October 5, 2012 10:11 am TB

“The secret of capitalist success is that the same people who prove by previous entrepreneurial experiments that they are capable of creating wealth get to control the next phase of investment. The socialist wants to benefit from the entrepreneurs’ success and then take the capital away and deploy it for some government purpose. That thwarts the information process, which is critical to the success of any economy. It is dependent on creativity, which always comes as a surprise to us.” – George Gilder

The purpose of private investment is to create more wealth. The purpose of government spending is to create more power.

  • Rome under Diocletian by SDAI-Tech 2012-10-05 19:37:54
    • Stole this and put it on Facebook...;) by Jody 2012-10-05 10:59:53
      • You might want to read it twice by Robert 2012-10-05 12:54:20
        • The problem... by TB 2012-10-05 21:16:49
          • Do you feel as though you are being RULED by the wealthy in the here and now? by Jody 2012-10-05 17:00:46
            • Beside the point by Robert 2012-10-05 17:55:38
              • No. That is precisely the point. by TB 2012-10-05 21:27:44
                • Aristocracies are good! by SDAI-Tech 2012-10-05 20:10:41
                  • Define what you call the next phase of investment. by Jody 2012-10-05 18:28:28
                    • I think the whole quote hails the entrepreneur. If I were to create/invent something...why shouldn't I be able to see it ... by Jody 2012-10-05 19:26:25
                      • Maybe you should cut back on the caffeine by Robert 2012-10-06 18:21:25
                        • Oh...My...God....and you my dear are on the rag. That is so not the way I meant it. I was conversing with ... by Jody 2012-10-06 19:21:56
                          • I'm thinking none of them are. by TB 2012-10-06 20:58:20
                            • What is happening to the liberals here? by Jody 2012-10-06 21:07:24
                              • I blame myself. by SDAI-Tech 2012-10-07 02:04:48
                                • You guys are so cute. by alcaray 2012-10-07 17:48:41
                • Narcissism and paranoia. by ER 2012-10-05 13:43:03
                  • You don't have to be smart to steal things. by TB 2012-10-05 21:33:52
                    • Then you haven't watched "Worlds Dumbest..."? by alcaray 2012-10-06 10:18:50
                    • Yeah and your little tirade over on Flame was sour grapes....or jealousy. by Jody 2012-10-05 17:02:10
                      • I was just warming up. by ER 2012-10-05 17:11:26
                        • Cool by RobVG 2012-10-06 08:29:48
                          • ROB!!! LMAO!!! by Jody 2012-10-06 09:02:49
                          • Oh REALLY???? by Jody 2012-10-05 18:01:25
                      • "The reign of kings is from Me, says Eternal Wisdom; and from this we may conclude that not only the rights of royalty are established by His laws, but also the choice of individual [to occupy the throne] is a result of His providence." by alcaray 2012-10-05 13:09:30
                        • Try to think outside the "king" box. by TB 2012-10-05 21:38:38

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