If we study
the history of development and poverty, we will find that
western farm surpluses are caused mostly by productivity
improvements caused by advances in farm machinery and crop
chemistry (fertilizers, pesticides, etc.). "In the US that
translates to 3% of the population feeding the other 97% and
Published in UPI ASIA New Blog.
Published in Newsblaze.com, Opednews.com
A good economic system features selfish incentives for creative and hardworking people. It is a system where selfishness benefits both the producer and the consumer, since the latter is the final arbiter of what is sold, as "the consumer is king." Since a bad economic/political's economy will lack adequate incentives, its workers will not produce well.