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Howard - it reaches its own level that way, the wonderful working of the market to which we owe far superior living standards to places that have never had such freedoms. Our problems now stem from distorted markets in the UK thanks to government interference.
Go back and look at the history of economic development and you can see the role that free markets play in this.
Also read Hayek's The Road to Serfdom and/or Free to Choose by Friedman where you can see how the markets have done the job of improving living standards far more effectively than any government action.
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