Capitalism Is Working in the U.S.
The founder of modern capitalism, Adam Smith, published The Wealth of Nations in 1776, the same year 13 colonies declared their independence from Great Britain. It remains the most referenced guide to prosperity be…
Capitalism Is Working in the U.S.
The founder of modern capitalism, Adam Smith, published The Wealth of Nations in 1776, the same year 13 colonies declared their independence from Great Britain. It remains the most referenced guide to prosperity because of its moral force: Smith said the freest markets are led by an invisible hand benefiting everyone, not just the individuals and companies motivated by their own profit.
So where is capitalism succeeding in a world roiled by kleptocrats, simmering trade wars, and the xenophobia that inspired Brexit? That would be the U.S.
Bloomberg-Markets-forward-guidance
This story appears in the December 2018 / January 2019 issue of Bloomberg Markets.
Illustration: Matt Chase for Bloomberg Markets
American free enterprise is achieving the greatest growth in the developed world, posting annual gross domestic product gains since 2009. Within just eight years of the global financial crisis, the U.S. was the only non-emerging-market economy with record GDP. The nation’s growth has exceeded the Group of Eight leading industrial countries’ average every year since 2012, a trend that economists surveyed by Bloomberg forecast to continue through 2020.
https://www.bloomberg.com/news/articles/2018-11-21/capitalism-is-working-in-the-u-s
14 NM counties adopt 2nd Amendment resolution
As gun laws make their way through the state Legislature, 14 county commissions around the state – including those from Sandoval and Valencia counties – have passed resolutions declaring their county to be a “Second Amendment sanctuary county.”
The sanctuary resolution says a commission supports its sheriff in any decisions not to enforce unconstitutional laws and not to use any county resources to enforce laws that infringe on the right to bear arms.
It is likely to be passed in even more counties at meetings in the coming weeks.
But even though its sheriff has thrown his support behind the movement, Bernalillo County doesn’t appear likely to be one of..
