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« Israel Must Be More Than an Emergency | Main | Obama Names Tom Alberg to New National Council on Entrepreneurship »

People are Natural Capitalists (Small "c")

Jay Ambrose of Scripps Howard newspapers describes the experiences of do-gooding in Africa and the lesson learned: people don't appreciate what they are given nearly as much as what they have earned or purchased with their own money.

The current economy in the United States is testimony to the folly of giveaways.

George Gilder, cited in the article, reminds us that the entrepreneur is often more altruistic than the philanthropist, let alone the government official.

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