John Steele Gordon writes a nice little piece for
American Heritage on why America is wealthy and, for example, Argentina is not. I pass this on because it reminds us something important--who creates wealth and how--and not because I agree with its overarching assumption that the essence of being human is economic activity. That’s silly, of course. But, worth reading. As Lincoln said, the basis of wealth is labor, free labor. And a free regime makes that possible.