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Stick War 2 How does Matt Damon make so much more money than you? Is it because he works harder than you putting in an intense six weeks gameing to earn several million dollars? Could it be because of his unbelievable skills? Please. There’s only one reason Matt Damon makes so much money. The consumers who buy tickets to his movies. In other words, you. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. Is Senator Warren right? Entrepreneurs and business owners do use public services, but so does everyone else. Let’s say, a successful business owner makes four times as much as the average employee. But she also pays four times as much in taxes. Do her kids get four times more attention in public school? Does she get to drive four times as fast on the freeway? Will the fire department arrive four times faster? No. Not at all. What about the rest of the world? Does capitalism promote global injustice? From businesses in the Middle East to factories in South America to entrepreneurs in China, the world is embracing the free market. Does it seem to you ironic that this sort of entrepreneurial capitalism, that this recipe has become so controversial at home here while it is being enthusiastically embraced in so many other parts of the world? I spoke to Jagdish Bhagwati, a professor of economics at Columbia University and a leading researcher on global capitalism. How many people have been lifted out of poverty in India? Over million people are, you know, in less than years, have pulled out of poverty. And in China the number is even greater. Far greater. It’s about to million people. ‘Cause they started earlier. Capitalism, entrepreneurial capitalism is the most important moral case. So there’s no reason for us to be apologetic. It’s the other guys who should be apologetic. ‘Cause every bit of experience shows that they’re the ones who really undermine the fortunes



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