Why stupid people think they’re smart
Nudge
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The History of Capitalism
Before capitalism, most people were serfs or peasants and desperately poor. Kings and feudal lords took most of what people produced so nobody had much reason to work with them. In England, Holland and America, they discovered that when you give people property rights, the rule of law and free markets, you turn on a switch in their hearts. People want to work when they can keep the fruits of their labor. Free market capitalism enables them to do these things. But the opposite is through capitalism, which is exploitation.
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