Friday, January 9, 2009
Innovation
People are poor due to lack of innovations. Specializations, innovations are the key to prosperity. If you have a group of people all doing basically the same stuff, then who would buy from who? If everyone grows vegetables, rear chickens, make some basic clothes and build huts, how is this economy going to support itself for a million people? As more and more people are born, they need more and more stuff to do so they will not be useless. Humans will create all sorts of things to keep themselves occupied. That's why we have all sort of sports, entertainment, religions, crafts etc x infinity to keep people busy and relevant. Poor people just do what everyone is doing. To get out of poverty, you need to differentiate yourself.
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