Assume The Worst About People And You

A Well-designed Welfare State Can Actually Encourage People To Take Chances With Their Jobs And Be More, Not Less, Open To Changes.

Between The Great Depression And The 1970s, Private Business Was Viewed With Suspicion Even In Most Capitalist Economies. Businesses Were, So The Story Goes, Seen As Anti-social Agents Whose Profit-seeking Needed To Be Restrained For Other, Supposedly Loftier, Goals, Such As Justice, Social Harmony, Protection Of The Weak And Even National Glory.

Culture Changes With Economic Development.

The Korean Economic Miracle Was The Result Of A Clever And Pragmatic Mixture Of Market Incentives And State Direction.

Self-interest, To Be Sure, Is One Of The Most Important, But We Have Many Other Motives - Honesty, Self-respect, Altruism, Love, Sympathy, Faith, Sense Of Duty, Solidarity, Loyalty, Public-spiritedness, Patriotism, And So On - That Are Sometimes Even More Important Than Self-seeking As The Driver Of Our Behaviors.