Saturday, June 28, 2008

Why Isn't Success Good Enough

There is a very interesting conversation going on over at Creative Capitalism. I haven't made it through everything yet, but what I have read so far is quite good.

Ed Glaeser writes "Mr. Gates’ speech reminds us that while laissez-faire capitalism has worked many miracles, it has never been particularly well targeted towards righting social inequities."

Why focus on the inequities instead of capitalism incredible adeptness in making life better for everyone, including and especially the poor?

There are hundreds of millions of Chinese and Indians that have been lifted out of abject poverty within a generation because of the power of capitalism. That is truly astonishing - why isn't this good enough? What hubris is required to think that an individual or individuals could improve upon the spontaneous order of capitalism?

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