Sunday, August 20, 2006

Capitalism

To quote from Adam Smith's landmark work "Wealth of Nations" - "It is not from the benevolence of the butcher, the brewer, or the baker, that we can expecct our dinner, but for their regard for their own interest." Paul Romer, Professor of Economics at the University of California, agrees and says that it is not from the benevolence of Bill Gates or Craig McCaw that we can expect a communications revolution, but from their desire to innovate, build new enterprises, and amass furtunes.

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