print“There are rich people everywhere, and yet they do not contribute to the growth of their own countries” was the obscene comment made by Hillary Clinton, at the Clinton Global Initiative, on Monday.
Worse than her global crusade against under-siege, “market-dominant minorities” worldwide is Clinton’s crushing ignorance. As Economist George Reisman put it, “a Highly Productive and Provident One Percent Provides the Standard of Living of a Largely Ignorant and Ungrateful Ninety-Nine Percent.”
Contrary to such beliefs, in the modern world in which we actually live, the wealth of the capitalists is simply not in the form of consumers’ goods to any great extent. Not only is it overwhelmingly in the form of means of production but those means of production are employed in the production of goods and services that are sold in the market. Totally unlike the conditions of self-sufficient farm families, the physical beneficiaries of the capitalists’ means of production are all the members of the general consuming public who buy the capitalists’ products.
…the wealth of the so-called one percent is the foundation of the standard of living of the so-called ninety-nine percent … the “greed” of those who seek to become part of the one percent, or to enlarge their position within it, is what serves progressively to improve the standard of living of the ninety-nine percent.
To comprehend what Reisman wrote you’d have to, first, have a mind. And second, be in possession of moral fiber such that you were not jealous of those who have what it takes.
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