Rational Optimist Quotes

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Random violence makes the news precisely because it is so rare, routine kindness does not make the news precisely because it is so commonplace. (104)
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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It is strange to me that most people assume companies will be imperfect (as they are), but they assume that government agencies will be perfect, which they are not.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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At some point, human intelligence became collective and cumulative in a way that happened to no other animal.
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Matt Ridley (The Rational Optimist)
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Humanity is experiencing an extraordinary burst of evolutionary change, driven by good old-fashioned Darwinian natural selection. But it is selection among ideas, not among genes.
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Matt Ridley (The Rational Optimist)
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No one doubts that an ordinary man can get on with this world: but we demand not strength enough to get on with it, but strength enough to get it on. Can he hate it enough to change it, and yet love it enough to think it worth changing? Can he look up at its colossal good without once feeling acquiescence? Can he look up at its colossal evil without once feeling despair? Can he, in short, be at once not only a pessimist and an optimist, but a fanatical pessimist and a fanatical optimist? Is he enough of a pagan to die for the world, and enough of a Christian to die to it? In this combination, I maintain, it is the rational optimist who fails, the irrational optimist who succeeds. He is ready to smash the whole universe for the sake of itself.
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G.K. Chesterton (Orthodoxy)
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Because it is a monopoly, government brings inefficiency and stagnation to most things it runs; government agencies pursue the inflation of their budgets rather than the service of their customers; pressure groups form an unholy alliance with agencies to extract more money from taxpayers for their members. Yet despite all this, most clever people still call for government to run more things and assume that if it did so, it would somehow be more perfect, more selfless, next time.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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I look forward optimistically to a healthy, happy world as soon as its children are taught the principles of simple and rational living. We must return to nature and nature’s God.
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Paramahansa Yogananda (Autobiography of a Yogi)
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It is my proposition that the human race has become a collective problem-solving machine and it solves problems by changing its ways. It
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Matt Ridley (The Rational Optimist)
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It is common to find that two traders both think their counterparts are idiotically overpaying: that is the beauty of Ricardo’s magic trick.
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Matt Ridley (The Rational Optimist)
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Those of libertarian bent often prove more generous than those of a socialist persuasion: where the socialist feels that it is government’s job to look after the poor using taxes, libertarians think it is their duty.
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Matt Ridley (The Rational Optimist)
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The evolutionary biologist Richard Dawkins in 1976 coined the term β€˜meme’ for a unit of cultural imitation.
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Matt Ridley (The Rational Optimist)
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In 1900, the average American spent $76 of every $100 on food, clothing and shelter. Today he spends $37.
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Matt Ridley (The Rational Optimist)
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Specialisation encouraged innovation, because it encouraged the investment of time in a tool-making tool. That saved time, and prosperity is simply time saved, which is proportional to the division of labour.
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Matt Ridley (The Rational Optimist)
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Think of this: never before this generation has the average person been able to afford to have somebody else prepare his meals. You
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Matt Ridley (The Rational Optimist)
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In a few short months, I had gone from a friendly, optimistic, confident woman to a confused girl with a nervous stammer who second-guessed every thought that went through her head and rationalized every bad decision she made.
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Holly Madison (Down the Rabbit Hole: Curious Adventures and Cautionary Tales of a Former Playboy Bunny)
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the Australian economist Peter Saunders argues, β€˜Nobody planned the global capitalist system, nobody runs it, and nobody really comprehends it. This particularly offends intellectuals, for capitalism renders them redundant. It gets on perfectly well without them.
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Matt Ridley (The Rational Optimist)
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Futurology always ends up telling you more about your own time than about the future.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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Not inventing, and not adopting new ideas, can itself be both dangerous and immoral.
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Matt Ridley (The Rational Optimist)
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The big firms that survive will do so by turning themselves into bottom-up evolvers.
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Matt Ridley (The Rational Optimist)
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Yet as soon as Greece was unified into an empire by a thug – Philip of Macedon in 338 BC – it lost its edge.
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Matt Ridley (The Rational Optimist)
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people are programmed to desire, not to appreciate.
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Matt Ridley (The Rational Optimist (P.S.))
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Europe was, in Joel Mokyr’s words, β€˜the first society to build an economy on non-human power rather than on the backs of slaves and coolies’.
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Matt Ridley (The Rational Optimist)
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The Dark Ages were a massive experiment in the back-to-the-land hippy lifestyle (without the trust fund):
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Matt Ridley (The Rational Optimist)
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Economists are quick to speak of β€˜market failure’, and rightly so, but a greater threat comes from β€˜government failure’.
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Matt Ridley (The Rational Optimist)
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In other words, cooking encourages specialisation by sex. The first and deepest division of labour is the sexual one.
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Matt Ridley (The Rational Optimist)
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The cornucopia that greets you as you enter the supermarket dwarfs anything that Louis XIV ever experienced (and it is probably less likely to contain salmonella).
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Matt Ridley (The Rational Optimist)
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The generation that has experienced more peace, freedom, leisure time, education, medicine, travel, movies, mobile phones and massages than any generation in history is lapping up gloom at every opportunity.
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Matt Ridley (The Rational Optimist)
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On the other hand, I am not a liberal. The notion that man is a rational creature who arrives at reasonable solutions to knotty problems is much in doubt as far as I’m concerned. Liberalism depends all too much on having an optimistic view of human nature. But the history of the 20th century has not exactly fortified that notion. Moreover, liberalism also depends too much upon reason rather than any appreciation of mystery. If you start to talk about God with the average good liberal, he looks at you as if you are more than a little off. In that sense, since I happen to beβ€”I hate to use the word religious, there are so many heavy dull connotations, so many pious self-seeking aspectsβ€”but I do believe there is a Creator who is active in human affairs and is endangered. I also believe there is a Devil who is equally active in our existence (and is all too often successful). So, I can hardly be a liberal. God is bad enough for them, but talk about the devil, and the liberal’s mind is blown. He is consorting with a fellow who is irrational if not insane. That is the end of real conversation.
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Norman Mailer
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An evolutionary bargain seems to have been struck: in exchange for sexual exclusivity, the man brings meat and protects the fire from thieves and bullies; in exchange for help rearing the children, the woman brings veg and does much of the cooking. This may explain why human beings are the only great apes with long pair bonds. Just
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Matt Ridley (The Rational Optimist)
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Progress, The Progress Paradox, Infinite Progress, The Infinite Resource, The Rational Optimist, The Case for Rational Optimism, Utopia for Realists, Mass Flourishing, Abundance, The Improving State of the World, Getting Better, The End of Doom, The Moral Arc, The Big Ratchet, The Great Escape, The Great Surge, The Great Convergence.
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Steven Pinker (Enlightenment Now: The Case for Reason, Science, Humanism, and Progress)
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In America, roughly 15 per cent of jobs are destroyed every year; and roughly 15 per cent created.
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Matt Ridley (The Rational Optimist)
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This isn’t about auctions,’ said Meg Whitman, the chief executive of eBay, β€˜in fact it’s not about economic warfare. It’s the opposite.’ It was survival of the nicest.
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Matt Ridley (The Rational Optimist)
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Political decisions are by definition monopolistic, disenfranchising and despotically majoritarian; markets are good at supplying minority needs.
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Matt Ridley (The Rational Optimist)
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The great success of ants and termites – between them they may comprise one-third of all the animal biomass of land animals – is undoubtedly down to their division of labour.
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Matt Ridley (The Rational Optimist)
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Most aid is delivered by governments to governments.
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Matt Ridley (The Rational Optimist)
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Thanks to a newly perfected technology, the camel, the people of the Arabian Peninsula found themselves well placed to profit from trade between East and West.
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Matt Ridley (The Rational Optimist)
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As a broad generalisation, the more people trust each other in a society, the more prosperous that society is, and trust growth seems to precede income growth.
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Matt Ridley (The Rational Optimist)
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What is miraculous is that in modern society you can trust and be trusted by a shopkeeper you do not know.
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Matt Ridley (The Rational Optimist)
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The characteristic signature of poverty is a return to self-sufficiency.
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Matt Ridley (The Rational Optimist (P.S.))
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It is easier to wax elegiac for the life of a peasant when you do not have to use a long-drop toilet.
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Matt Ridley (The Rational Optimist)
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homini lupus’, said Plautus. β€˜Man is a wolf to man.
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Matt Ridley (The Rational Optimist)
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Merchants and craftsmen make prosperity; chiefs, priests and thieves fritter it away.
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Matt Ridley (The Rational Optimist)
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Partner with rational optimists
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Naval Ravikant (HOW TO GET RICH: (without getting lucky))
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As Edward Glaeser put it, β€˜Thoreau was wrong. Living in the country is not the right way to care for the Earth. The best thing that we can do for the planet is build more skyscrapers.
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Matt Ridley (The Rational Optimist)
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The message from history is so blatantly obvious – that free trade causes mutual prosperity while protectionism causes poverty – that it seems incredible that anybody ever thinks otherwise.
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Matt Ridley (The Rational Optimist)
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The cumulative accretion of knowledge by specialists that allows us each to consume more and more different things by each producing fewer and fewer is, I submit, the central story of humanity
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Matt Ridley (The Rational Optimist (P.S.))
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The success of human beings depends crucially, but precariously, on numbers and connections. A few hundred people cannot sustain a sophisticated technology: trade is a vital part of the story.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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When forecasting the outcomes of risky projects, executives too easily fall victim to the planning fallacy. In its grip, they make decisions based on delusional optimism rather than on a rational weighting of gains, losses, and probabilities. They overestimate benefits and underestimate costs. They spin scenarios of success while overlooking the potential for mistakes and miscalculations. As a result, they pursue initiatives that are unlikely to come in on budget or on time or to deliver the expected returnsβ€”or even to be completed. In this view, people often (but not always) take on risky projects because they are overly optimistic about the odds they face. I will return to this idea several times in this bookβ€”it probably contributes to an explanation of why people litigate, why they start wars, and why they open small businesses.
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Daniel Kahneman (Thinking, Fast and Slow)
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The lesson of this study is that, on the whole, having to deal with strangers teaches you to be polite to them, and that in order for such generosity to emerge, costly punishment of selfishness may be necessary.
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Matt Ridley (The Rational Optimist)
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Then there appeared upon the earth a new kind of hominid, which refused to play by the rules. Without any changes in its body, and without any succession of species, it just kept changing its habits. For the first time its technology changed faster than its anatomy. This was an evolutionary novelty, and you are it. When
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Matt Ridley (The Rational Optimist)
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As I write this, it is nine o’clock in the morning. In the two hours since I got out of bed I have showered in water heated by North Sea gas, shaved using an American razor running on electricity made from British coal, eaten a slice of bread made from French wheat, spread with New Zealand butter and Spanish marmalade, then brewed a cup of tea using leaves grown in Sri Lanka, dressed myself in clothes of Indian cotton and Australian wool, with shoes of Chinese leather and Malaysian rubber, and read a newspaper made from Finnish wood pulp and Chinese ink.
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Matt Ridley (The Rational Optimist)
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When the world is anxious, choose to be calm. When the world is hopeless, choose to be confident. When the world is troubled, choose to be determined. When the world is gloomy, choose to be optimistic. When the world is silly, choose to be clever. When the world is incompetent, choose to be effective. When the world is ignorant, choose to be knowledgeable. When the world is foolish, choose to be wise. When the world is perplexed, choose to be rational. When the world is narrow, choose to be tolerant. When the world is vulnerable, choose to be strong. When the world is deceptive, choose to be earnest. When the world is trivial, choose to be sensible. When the world is shallow, choose to be deep. When the world is low, choose to be high. When the world is darkness, choose to be light.
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Matshona Dhliwayo
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as Isaiah Berlin put it, β€˜disregard for the preferences and interests of individuals alive today in order to pursue some distant social goal that their rulers have claimed is their duty to promote has been a common cause of misery
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Matt Ridley (The Rational Optimist)
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Vernon Smith and his colleagues have long confirmed that markets in goods and services for immediate consumption – haircuts and hamburgers – work so well that it is hard to design them so they fail to deliver efficiency and innovation; while markets in assets are so automatically prone to bubbles and crashes that it is hard to design them so they work at all.
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Matt Ridley (The Rational Optimist)
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Humanity is experiencing an extraordinary burst of evolutionary change, driven by good old-fashioned Darwinian natural selection. But it is selection among ideas, not among genes. The habitat in which these ideas reside consists of human brains.
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Matt Ridley (The Rational Optimist)
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Today, of Americans officially designated as β€˜poor’, 99 per cent have electricity, running water, flush toilets, and a refrigerator; 95 per cent have a television, 88 per cent a telephone, 71 per cent a car and 70 per cent air conditioning. Cornelius Vanderbilt had none of these.
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Matt Ridley (The Rational Optimist)
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The true measure of something’s worth is the hours it takes to acquire it. If
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Matt Ridley (The Rational Optimist (P.S.))
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In the 1950s it took thirty minutes work to earn the price of a McDonald’s cheeseburger; today it takes three minutes.
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Matt Ridley (The Rational Optimist)
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[...] the Stone Age did not come to an end for lack of stone.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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The more prosperous and free that people become, the more their birth rate settles at around two children per woman with no coercion necessary.
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Matt Ridley (The Rational Optimist)
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Like Milton Friedman, I notice that β€˜business corporations in general are not defenders of free enterprise. On the contrary, they are one of the chief sources of danger.
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Matt Ridley (The Rational Optimist)
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That is the point of agriculture: it diverts the labour of other species to providing services for human beings.
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Matt Ridley (The Rational Optimist)
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Fundamentally, other animals do not do barter.
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Matt Ridley (The Rational Optimist)
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In 2009, an artist named Thomas Thwaites set out to make his own toaster, of the sort that he could buy from a shop for about Β£4.
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Matt Ridley (The Rational Optimist)
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When I go into the local superstore, I never see people driven to misery by the impossibility of choice. I see people choosing.
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Matt Ridley (The Rational Optimist)
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By striking contrast, there is not a single non-renewable resource that has run out yet: not coal, oil, gas, copper, iron, uranium, silicon, or stone.
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Matt Ridley (The Rational Optimist)
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Good institutions cannot usually be imposed from above: that way they are oxymorons.
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Matt Ridley (The Rational Optimist)
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I forecast that the twenty-first century will show a continuing expansion of catallaxy – Hayek’s word for spontaneous order created by exchange and specialisation.
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Matt Ridley (The Rational Optimist)
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They had stumbled on what Friedrich Hayek called the catallaxy: the ever-expanding possibility generated by a growing division of labour.
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Matt Ridley (The Rational Optimist)
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Perhaps the internet has returned us to a world a bit like the Stone Age in which there is no place for a fraudster to hide.
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Matt Ridley (The Rational Optimist)
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The internet, in other words, may be the best forum for crime, but it is also the best forum for free and fair exchange the world has ever seen.
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Matt Ridley (The Rational Optimist)
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For barter to work, two individuals do not need to offer things of equal value. Trade is often unequal, but still benefits both sides.
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Matt Ridley (The Rational Optimist)
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Sisyphean
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Matt Ridley (The Rational Optimist)
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If climate change proves to be mild but cutting carbon causes real pain, we may find we have stopped a nose bleed by putting a tourniquet round our neck.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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This is what prosperity is: the increase in the amount of goods or services you can earn with the same amount of work.
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Matt Ridley (The Rational Optimist (P.S.))
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if commercial behaviour might make people more moral.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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Arguably, the orang-utan, being devastated by the loss of forest to palm oil bio-fuel plantations in Borneo, is under greater threat from renewable energy than the polar bear is from global warming.
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Matt Ridley (The Rational Optimist)
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Modern philosophers who aspire to rise above the sordid economic reality of the world would do well to recall that this trade made possible the cross-fertilisation of ideas that led to great discoveries.
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Matt Ridley (The Rational Optimist)
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There is a neat economic explanation for the sexual division of labour in hunter-gatherers. In terms of nutrition, women generally collect dependable, staple carbohydrates whereas men fetch precious protein. Combine the two – predictable calories from women and occasional protein from men – and you get the best of both worlds. At the cost of some extra work, women get to eat some good protein without having to chase it; men get to know where the next meal is coming from if they fail to kill a deer. That very fact makes it easier for them to spend more time chasing deer and so makes it more likely they will catch one. Everybody gains – gains from trade. It is as if the species now has two brains and two stores of knowledge instead of one – a brain that learns about hunting and a brain that learns about gathering.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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Two economists recently concluded, after studying the issue, that the entire concept of food miles is β€˜a profoundly flawed sustainability indicator’. Getting food from the farmer to the shop causes just 4 per cent of all its lifetime emissions. Ten times as much carbon is emitted in refrigerating British food as in air-freighting it from abroad, and fifty times as much is emitted by the customer travelling to the shops.
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Matt Ridley (The Rational Optimist)
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Falling consumer prices is what enriches people (deflation of asset prices can ruin them, but that is because they are using asset prices to get them the wherewithal to purchase consumer items). And, once again, notice that the true metric of prosperity is time. If Cornelius Vanderbilt or Henry Ford not only moves you faster to where you want to go, but requires you to work fewer hours to earn the ticket price, then he has enriched you by granting you a dollop of free time.
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Matt Ridley (The Rational Optimist)
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Half of the biggest American companies of 1980 have now disappeared by take-over or bankruptcy; half of today’s biggest companies did not even exist in 1980. The same is not true of government monopolies: the Internal Revenue Service and the National Health Service will not die, however much incompetence they might display. Yet most anti-corporate activists have faith in the good will of the leviathans that can force you to do business with them, but are suspicious of the behemoths that have to beg for your business. I find that odd. Moreover,
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Matt Ridley (The Rational Optimist)
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the market system makes self interest into something thoroughly virtuous.’ This is the extraordinary feature of markets: just as they can turn many individually irrational individuals into a collectively rational outcome, so they can turn many individually selfish motives into a collectively kind result.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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Even allowing for the hundreds of millions who still live in abject poverty, disease and want, this generation of human beings has access to more calories, watts, lumen-hours, square feet, gigabytes, megahertz, light-years, nanometres, bushels per acre, miles per gallon, food miles, air miles, and of course dollars
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Matt Ridley (The Rational Optimist)
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The ignorance is measurable. Pollsters repeatedly find that while people tend to be too optimistic about their own lives, they are too pessimistic about their societies. For instance, in most years between 1992 and 2015, an era that criminologists call the Great American Crime Decline, a majority of Americans believed that crime was rising.
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Steven Pinker (Rationality: What It Is, Why It Seems Scarce, Why It Matters)
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Nietzsche becomes Western philosophy's first avowed atheist of the far right. His aestheticism, together with his vision of the Dionysian creator, gives him a frame of reference outside positivism and outside all other forms of optimistic rationalism. This makes possible a thoroughgoing repudiation of the dominant social ideals of modernity.
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Bruce Detwiler (Nietzsche and the Politics of Aristocratic Radicalism)
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I find the world is full of people who think that their dependence on others is decreasing, or that they would be better off if they were more self-sufficient, or that technological progress has brought no improvement in the standard of living, or that the world is steadily deteriorating, or that the exchange of things and ideas is a superfluous irrelevance.
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Matt Ridley (The Rational Optimist)
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The Sun King had dinner each night alone. He chose from forty dishes, served on gold and silver plate. It took a staggering 498 people to prepare each meal. He was rich because he consumed the work of other people, mainly in the form of their services. He was rich because other people did things for him. At that time, the average French family would have prepared and consumed its own meals as well as paid tax to support his servants in the palace. So it is not hard to conclude that Louis XIV was rich because others were poor. But what about today? Consider that you are an average person, say a woman of 35, living in, for the sake of argument, Paris and earning the median wage, with a working husband and two children. You are far from poor, but in relative terms, you are immeasurably poorer than Louis was. Where he was the richest of the rich in the world’s richest city, you have no servants, no palace, no carriage, no kingdom. As you toil home from work on the crowded Metro, stopping at the shop on the way to buy a ready meal for four, you might be thinking that Louis XIV’s dining arrangements were way beyond your reach. And yet consider this. The cornucopia that greets you as you enter the supermarket dwarfs anything that Louis XIV ever experienced (and it is probably less likely to contain salmonella). You can buy a fresh, frozen, tinned, smoked or pre-prepared meal made with beef, chicken, pork, lamb, fish, prawns, scallops, eggs, potatoes, beans, carrots, cabbage, aubergine, kumquats, celeriac, okra, seven kinds of lettuce, cooked in olive, walnut, sunflower or peanut oil and flavoured with cilantro, turmeric, basil or rosemary … You may have no chefs, but you can decide on a whim to choose between scores of nearby bistros, or Italian, Chinese, Japanese or Indian restaurants, in each of which a team of skilled chefs is waiting to serve your family at less than an hour’s notice. Think of this: never before this generation has the average person been able to afford to have somebody else prepare his meals. You employ no tailor, but you can browse the internet and instantly order from an almost infinite range of excellent, affordable clothes of cotton, silk, linen, wool and nylon made up for you in factories all over Asia. You have no carriage, but you can buy a ticket which will summon the services of a skilled pilot of a budget airline to fly you to one of hundreds of destinations that Louis never dreamed of seeing. You have no woodcutters to bring you logs for the fire, but the operators of gas rigs in Russia are clamouring to bring you clean central heating. You have no wick-trimming footman, but your light switch gives you the instant and brilliant produce of hardworking people at a grid of distant nuclear power stations. You have no runner to send messages, but even now a repairman is climbing a mobile-phone mast somewhere in the world to make sure it is working properly just in case you need to call that cell. You have no private apothecary, but your local pharmacy supplies you with the handiwork of many thousands of chemists, engineers and logistics experts. You have no government ministers, but diligent reporters are even now standing ready to tell you about a film star’s divorce if you will only switch to their channel or log on to their blogs. My point is that you have far, far more than 498 servants at your immediate beck and call. Of course, unlike the Sun King’s servants, these people work for many other people too, but from your perspective what is the difference? That is the magic that exchange and specialisation have wrought for the human species.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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The attentive System 2 is who we think we are. System 2 articulates judgments and makes choices, but it often endorses or rationalizes ideas and feelings that were generated by System 1. You may not know that you are optimistic about a project because something about its leader reminds you of your beloved sister, or that you dislike a person who looks vaguely like your dentist.
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Daniel Kahneman (Thinking, Fast and Slow)
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And the good news is that there is no inevitable end to this process. The more people are drawn into the global division of labour, the more people can specialise and exchange, the wealthier we will all be. Moreover, along the way there is no reason we cannot solve the problems that beset us, of economic crashes, population explosions, climate change and terrorism, of poverty, AIDS, depression and obesity.
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Matt Ridley (The Rational Optimist)
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Some are worse off than they were just a few months or years before. But the vast majority of people are much better fed, much better sheltered, much better entertained, much better protected against disease and much more likely to live to old age than their ancestors have ever been. The availability of almost everything a person could want or need has been going rapidly upwards for 200 years and erratically upwards for 10,000 years before
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Matt Ridley (The Rational Optimist)
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Fear comes in many forms, and we usually don’t call it by its four-letter name. Fear itself is quite fear-inducing. Most intelligent people in the world dress it up as something else: optimistic denial. Most who avoid quitting their jobs entertain the thought that their course will improve with time or increases in income. This seems valid and is a tempting hallucination when a job is boring or uninspiring instead of pure hell. Pure hell forces action, but anything less can be endured with enough clever rationalization.
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Anonymous
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It is just possible that the predators and parasites will actually win altogether, or rather that ambitious ideological busybodies will succeed in shutting down the catallaxy and crashing the world back into pre-industrial poverty some time during the coming century. There is even a new reason for such pessimism: the integrated nature of the world means that it may soon be possible to capture the entire world on behalf of a foolish idea, where before you could only capture a country, or perhaps if you were lucky an empire.
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Matt Ridley (The Rational Optimist (P.S.))
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Posterity can pay for its ancestors’ lives because posterity can be richer through innovation. If somebody somewhere takes out a mortgage, which he will repay in three decades’ time, to invest in a business that invents a gadget that saves his customers time, then that money, brought forward from the future, will enrich both him and those customers to the point where the loan can be repaid to posterity. That is growth. If, on the other hand, somebody takes out a loan just to support his luxury lifestyle, or to speculate on asset markets by buying a second home, then posterity will be the loser.
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Matt Ridley (The Rational Optimist)
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Economists are quick to speak of β€˜market failure’, and rightly so, but a greater threat comes from β€˜government failureβ€˜. Because it is a monopoly, government brings inefficiency and stagnation to most things it runs; government agencies pursue the inflation of their budgets rather than the service of their customers; pressure groups form an unholy alliance with agencies to extract more money from taxpayers for their members. Yet despite all this, most clever people still call for government to run more things and assume that if it did so, it would somehow be more perfect, more selfless, next time.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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I remain fundamentally optimistic about Wall Street as a marketplace and as a vehicle for wealth creation. Its future will rightly depend on several variables, chief among them being human choices; whether they be rationally, emotionally, subjectively or objectively made. Financial engineering taught us that if it could be quantified, it could be qualified. We learned about how to use leverage and have abused that knowledge for a myriad of reasons. We became practitioners of the transaction-based model, but forgot that long before the abacus there was trust and integrity, anchors of relationship-based models common with Middle East and Asian markets. It goes back to a handshake, the first and enduring example of mutual consensus.
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Ziad K. Abdelnour
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The whole world contradicts optimism, and if one is an optimist nonetheless, it is in deference to the claims of the heart rather than of the understanding. The minimum requirements of optimism would be, first, that life, or at least human life, has a rational purpose beyond the mere perpetuation of life which we share with the brutes; that we can apprehend this purpose intellectually, are free to pursue it, and that it is worthy of our endeavor- but not one of these claims can be borne out with any conviction. And the second, in order for optimism to be true there must be a genuine, positive goods in the world, and these must prevail, or give some promise of prevailing, over their opposites- but nothing seems less likely to be true.
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Arthur Schopenhauer (The Will to Live: Selected Writings)
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An optimist is not just someone with high hopes. Even a pessimist can feel positive on a particular issue, whatever his or her habitual gloom. One can have hope without feeling that things in general are likely to turn out well. An optimist is rather someone who is bullish about life simply because he is an optimist. He anticipates congenial conclusions because this is the way it is with him. As such, he fails to take the point that one must have reasons to be happy.4 Unlike hope, then, professional optimism is not a virtue, any more than having freckles or flat feet is a virtue. It is not a disposition one attains through deep reflection or disciplined study. It is simply a quirk of temperament. β€œAlways look on the bright side of life” has about as much rational force as β€œalways part your hair in the middle, ” or β€œalways tip your hat obsequiously to an Irish wolfhound.
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Terry Eagleton (Hope without Optimism)
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Suppose you had said to my hypothetical family of 1800, eating their gristly stew in front of a log fire, that in two centuries their descendants would need to fetch no logs or water, and carry out no sewage, because water, gas, and a magic form of invisible power called electricity would come into their home through pipes and wires. They would jump at the chance to have such a home, but they would warily ask ho they could possibly afford it. Suppose that you then told them that to earn such a home, they need only ensure that father and mother both have to go to work for eight hours in an office, travelling roughly forty minutes each way in a horseless carriage, and that the children need not work at all, but should go to school to be sure of getting such jobs when they start to work at twenty. They would be more than dumbfounded; they would be delirious with excitement.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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The Sun King had dinner each night alone. He chose from forty dishes, served on gold and silver plate. It took a staggering 498 people to prepare each meal. He was rich because he consumed the work of other people, mainly in the form of their services. He was rich because other people did things for him. At that time, the average French family would have prepared and consumed its own meals as well as paid tax to support his servants in the palace. So it is not hard to conclude that Louis XIV was rich because others were poor. But what about today? Consider that you are an average person, say a woman of 35, living in, for the sake of argument, Paris and earning the median wage, with a working husband and two children. You are far from poor, but in relative terms, you are immeasurably poorer than Louis was. Where he was the richest of the rich in the world’s richest city, you have no servants, no palace, no carriage, no kingdom. As you toil home from work on the crowded Metro, stopping at the shop on the way to buy a ready meal for four, you might be thinking that Louis XIV’s dining arrangements were way beyond your reach. And yet consider this. The cornucopia that greets you as you enter the supermarket dwarfs anything that Louis XIV ever experienced (and it is probably less likely to contain salmonella). You can buy a fresh, frozen, tinned, smoked or pre-prepared meal made with beef, chicken, pork, lamb, fish, prawns, scallops, eggs, potatoes, beans, carrots, cabbage, aubergine, kumquats, celeriac, okra, seven kinds of lettuce, cooked in olive, walnut, sunflower or peanut oil and flavoured with cilantro, turmeric, basil or rosemary ... You may have no chefs, but you can decide on a whim to choose between scores of nearby bistros, or Italian, Chinese, Japanese or Indian restaurants, in each of which a team of skilled chefs is waiting to serve your family at less than an hour’s notice. Think of this: never before this generation has the average person been able to afford to have somebody else prepare his meals. You employ no tailor, but you can browse the internet and instantly order from an almost infinite range of excellent, affordable clothes of cotton, silk, linen, wool and nylon made up for you in factories all over Asia. You have no carriage, but you can buy a ticket which will summon the services of a skilled pilot of a budget airline to fly you to one of hundreds of destinations that Louis never dreamed of seeing. You have no woodcutters to bring you logs for the fire, but the operators of gas rigs in Russia are clamouring to bring you clean central heating. You have no wick-trimming footman, but your light switch gives you the instant and brilliant produce of hardworking people at a grid of distant nuclear power stations. You have no runner to send messages, but even now a repairman is climbing a mobile-phone mast somewhere in the world to make sure it is working properly just in case you need to call that cell. You have no private apothecary, but your local pharmacy supplies you with the handiwork of many thousands of chemists, engineers and logistics experts. You have no government ministers, but diligent reporters are even now standing ready to tell you about a film star’s divorce if you will only switch to their channel or log on to their blogs. My point is that you have far, far more than 498 servants at your immediate beck and call. Of course, unlike the Sun King’s servants, these people work for many other people too, but from your perspective what is the difference? That is the magic that exchange and specialisation have wrought for the human species.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)