In response to:

Free Markets Plus Individual Virtue Produces Prosperity

Michael2944 Wrote: Sep 09, 2013 9:44 AM
Read Angelo Codevilla's "Character of Nations" - where Codevilla goes into far more depth than this essay. But - 'security of assets' is short for 'property rights' - i.e. - you keep what you work for, you can keep what you purchase. Nations that have poor property rights (a little cronyism to take from some and bequeth to others) or have high taxes for redistribution or to enrich the ruling class results in a situation where people cease to strive to get ahead, because they know the 'game is rigged' and when they start getting ahead, it is stolen from them by the corrupt government.