Monday, July 13, 2009

Capitalism Works

Capitalism works. If not here, then somewhere. It springs from human nature, and capitalism is so necessary to human well-being that when it is suppressed in one place, it will appear in another.

That is the lesson to read in the following little bit of news: "Fortune magazine recently reported that the number of U.S. companies in the world’s top 500 fell to the lowest level ever, while more Chinese firms than ever made the list. Thirty-seven Chinese companies now rank in the top 500, including nine new entries. Meanwhile, the number of U.S. firms has fallen to 140, the lowest total since Fortune began the list in 1995."

From National Review Online, "The Road to Economic Demoralization," by Larry Kudlow

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