Wealth capture is not wealth creation.

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This morning's economic thought to ponder comes via this excellent diary on dailykos. It does take a second of thought to parse, but it's a good point. The focus of the state needs to be on supporting the processes that truly create wealth, like education, and protect us from the brutalities of a marketplace so we can keep taking risks without ruining our lives in the process. It's the high road!

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This page contains a single entry by Dan Ancona published on October 26, 2005 11:51 AM.

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