10 November 2011

Markets and Irrigation

It's worth knowing where the rain falls and rivers run. But that needn't be the final word on the distribution of water. Irrigation was one of the first inventions to allow what we know as modern civilization.

Markets distribute profits and income. That's good to know, but it needn't be the final word on its distribution. Distribution of income may, in fact, be one of the things that first made civilization civilized.

No comments: