Monday, August 30, 2010

Trade and Peace

"Does capitalism encourage people to treat each other better?" asks Michael Shermer — Evolution, Ethics, and the Market. The author suggests that "trade makes people more trusting and trustworthy, which makes them more inclined to trade, which increases trust — and round and round it goes in a positive feedback loop that generates not just unprecedented prosperity but civilized virtue as well." Founders as different as Thomas Jefferson and Alexander Hamilton agreed on this point.

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Omnes Sancti et Sanctæ Coreæ, orate pro nobis.