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The end of our 50-year stagnation | Tyler Cowen
The TED Interview
Is Cutting Taxes a Good Thing?
Social psychology experiments show that people prefer a situation, often, where they'll accept a lower amount of income or goods of some kind for themselves. If you ask yourselves, which are the countries that people actually want to move to, it is essentially the mixed, democratic, capitalist economy such as the us, canada, australia, southern england, switzerland. So i guss the key question here is, to what extent does the same system that is giving these huge amounts of wealth to some people, is that same system genuinely making things better for many others as well?
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