By Nicholas Vardy In today’s political discourse, there’s a major focus on wealth and poverty. Are socialist policies the answer to economic inequality?
Nicholas Vardy examines Argentina’s success (and failure) to find out.
“Those who don’t learn from history are condemned to repeat it.”
– George Santayana, Philosopher
The secret to economic prosperity is no secret at all.
Start with the rule of law, respect for property rights and low taxes. Support them with a stable, commercially minded government… And you have a fail-safe recipe for prosperity.
As recently as the 1960s, the “Asian Tigers” – Singapore, South Korea, Taiwan and Hong Kong – were dirt-poor.
In 1960, Singapore had …read more
