November 16, 2007

Talent: How America Got So Rich

(continuation) While the previous hypotheses' regarding the cause of America's wealth are all partially responsible, and while there are likely dozens of other reasons, the final one I want to discuss is "talent". For the last two-hundred years, we have been drawing the best and the brightest from all over the world. The best engineers, doctors, lawyers, athletes...they all come to America to work. Why? Because they are better rewarded for their efforts here than they could be anywhere else. So, while the benefits of socialized systems and a higher tax-rate can be very appealing, it is essential that we understand what caused our country to get to this position of wealth in the first place. And understand the possible consequences of imitating someone else.