Word: enrichingâ
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...historical record, capitalism clearly is more enriching???in every major way. Capitalism, says Eckstein, "is the only engine that has been developed so far that encourages people to be highly innovative, to develop new products and processes." Profit-seeking capitalists have developed all the vital machines of "postindustrial" society. In contrast, centrally managed economies have rarely done well at developing civilian high-technology industry?largely because inventors lack incentive. In socialist economies the same lack has led to appalling shoddiness in many of the services that provide life's amenities...
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