There is definitely something to be said for the rich corporate profits of pharmaceuticals and technology firms. While concessions should probably be made to developing nations, consider that it is essentially these two industries that have fueled countries like Ireland and Singapore to world economic prominence. Ireland this year was ranked as having the best quality of living (I think that was in the Economist...). Half a century ago, both these countries were also languishing, but smart, non corrupt government targetted a policy of export led growth and industry promotion to attract these lucrative types of industries. With the industries came greater wealth and quality of life.
etc etc etc. The partnership of government and business can allow countries, communities, and firms to move up the curve in terms of both value and quality of life.
1 year ago
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