John, you got it wrong again (Bill Gates Needs an Econ Course, June 21, 2007). The prosperity problem is not about government or free market; it’s about people and the Village. What makes a Village prosperous and people-friendly is openness, consequences for breaking the rules, and justice.
Whenever people do not feel answerable to anyone, their behaviors deviate from the norm to the extent of psychopathic behaviors. The effects of that imagined invulnerability are the real issues – lawbreaking becomes the norm until it is confronted. I cite as an example the Nixon administration that started operating on the princi ...