Zim: How did the United States become the most
powerful nation on this planet?
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This idea of ‘ownership’ and ‘property rights’ consistent with the rule of law is the only reason why the United States became the most powerful nation on earth. In retrospect this might seem rather obvious. If you own property you will develop, improve, and maintain it and attempt to produce wealth with it. Any profit you make from your property might be channeled back into further improving your property, or spent in voluntary exchange to purchase another person's property, or perhaps saved and/or given to charity. Since wealth = money and money is backed up by things of values, then it is clearer how the United States became a super power: by the enormous amount of wealth created by the industriousness of individual American citizens. This unique opportunity to produce wealth without being harassed by government and with all property owners equal in the eyes of the law, attracted an huge influx of immigration that continues to this day.
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Zim.
Mad Poet Strikes Again.
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