A Quote by Johan Norberg

Capitalism has given people both the liberty and the incentive to create, produce, and trade, thereby generating prosperity. — © Johan Norberg
Capitalism has given people both the liberty and the incentive to create, produce, and trade, thereby generating prosperity.
[Conservatism:] Our revolutionary message... is that a self-disciplined people can create a political community in which an ordered liberty will promote both economic prosperity and political participation.
Government does create prosperity and growth by creating the conditions that allow both entrepreneurs and their customers to thrive; balancing the power of capitalists like me and workers isn't bad for capitalism - it's essential to it.
In a system of capitalism, as people's wealth rises, the financial incentive to serve them rises. As their wealth falls, the financial incentive to serve them falls, until it becomes zero. We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well.
What private property does is connect effort to reward, creating an incentive for people to produce for more. Then, if there's a free market, people will trade their surpluses to others for the things they lack. Mutual exchange for mutual benefit makes the community richer.
The case for trade is not just monetary, but moral. Economic freedom creates habits of liberty. And habits of liberty create expectations of democracy.
If conservatives really believed in individual liberty, as they endlessly claim and if they used both halves of their brains then they'd be libertarians. Instead, they sabotage themselves, and their cause, by constantly generating one spurious reason after another to deprive other people of their freedom.
The left hates capitalism, not because of freedom and liberty - although they do. But the primary they hate capitalism is that it is the most efficient engine to create wealth for the greatest number of people in a society that has ever been devised. Nobody's ever claimed it's perfect. Nobody's ever said it's flawless. But it's better than anything else out there, particularly anything left has to offer.
You cannot create prosperity by law. Sustained thrift, industry, application, intelligence, are the only things that ever do, or ever will, create prosperity. But you can very easily destroy prosperity by law.
A sort of moral blackmail is exerted from both poles. The underclass, one gathers, should be dulled with charity and welfare provision lest it turn nasty. The upper class must likewise be conciliated by vast handouts, lest it lose the "incentive" to go on generating wealth.
We have to look to the well-being of the Lebanese citizens and create prosperity in the country, and you can't create prosperity without stability.
To summarize, using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and thereby distract the person’s mind with thoughts about the reward. This can create stress and ultimately reduce the level of performance.
The great challenge of the twentieth century ... is to create a new financial architecture in which private decisions produce a less degenerate capitalism.
I advocate for protecting the liberty of the net, and securing privacy. I argue against people who believe both are somehow given automatically. They're not.
Ignorance, as well as disapproval for the natural restraints placed on market excesses that capitalism and sound markets impose, cause our present leaders to reject capitalism and blame it for all the problems we face. If this fallacy is not corrected and capitalism is even further undermined, the prosperity that the free market generates will be destroyed.
Now you know my credo: Free-market capitalism is the best path to prosperity. And let me add to that from our Founding Fathers: Our Creator endowed us with the inalienable rights to life, liberty, and the pursuit of happiness. In other words, freedom.
But suppose, for the sake of argument, free competition, without any sort of monopoly, would develop capitalism trade more rapidly. Is it not a fact that the more rapidly trade and capitalism develop, the greater is the concentration of production and capital which gives rise to monopoly?
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