Monday, September 29, 2008

Terms of trade

This was a key passage from the Chief Rabbi's recent Thought for the Day:

"The fault is not markets but morals. Markets remain the best way we know of harnessing human creativity for the benefit of all. Economic liberalization has taken 500 million people out of poverty in China, and 130 million in India. They're also the best antidote to war. As Montesquieu pointed out in the eighteenth century, when two nations come into contact with one another, they can either fight or trade. If they fight, both lose; if they trade, both gain."

1 comment:

Can Bass 1 said...

My word, sir - make sure you don't reignite your dormant interest in lion-taming now you're an ordained clergyman. There's a very unhappy history of mixing up the two, as the vicar of Stiffkey would confirm (if he could). Don't know what to make of that Chief Rabbi wallah's post.