Easy-to-understand economics

Good article here explaining the virtues of, indeed the necessity of self-interest.

It is fashionable to decry selfishness as responsible for every societal ill. But without the natural motivation for personal gain our economic system might fall down around us, or at the least produce much less prosperity for all.


This constant effort by everyone to get the best deal they can creates the productivity that fuels the economy. And that explains why people can both dislike Wal-Mart yet shop there.


Remember, those societies that have sought to ban such normal human impulses have been the worse for it. Just ask the billions of Russians, Chinese and Indians who have only relatively recently forsaken various forms of socialism, which sees self-interest as evil.