“Most past bursts of human prosperity have come to nothing because they allocated too little money to innovation and too much to asset price inflation, war, corruption, luxury or theft.”
I took this quote from a book I’m reading, lent to me by neighbour Pete, called “The Rational Optimist” by Matt Ridley. I am only a little way into it, but I would recommend it. This quote summed up to me the problems faced in the UK and the wider world by the current economic crisis. The problem is not capitalism, socialism, liberalism or any other “ism”; the problem is people and the innate greed, stupidity and selfishness of far too many people. So stop worrying about whether you have the right logo on your clothes, whether your house has the perfect kitchen, or what happened on last night’s reality TV show, and get out there and do something useful and which makes the most of your talents, whatever it may be.
Nick
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