Of course, the Left will say, in response to these facts, that this just shows how wrong Labour were to adopt free-market policies.

What is needed is to start from fundamentals: a society grows rich via the rational division of labour, mediated by the market. A society which rewards sloth, and which hampers the market, will have a great disadvantage when it comes to wealth-creation. But this must not only be asserted, it must be demonstrated with facts and figures.

Posted by Douglas Hainlined at July 14, 2009 04:12 PM