[ExI] A Nobel laureate and climate change

[BillK]

2011/9/18 Dennis May wrote:
> Redistribution of wealth destroys innovation and markets.
>
> If the government reduced its footprint - problems of innovation
> would solve themselves.  The decline of innovation coincides
> with growth of the government footprint.
>
> For every innovation coming out of government more unseen
> private innovations were destroyed.  Redistribution to government
> stifles innovation.  Government taking from innovators cannot
> spur net innovation.
>


The form of corporate mercantilism  in the US has indeed redistributed
wealth to the top 1% of the population and has destroyed innovation
and markets.

Markets need sellers AND buyers.


BillK