May 2010
Beginner
255 pages
4h 22m
English
Content preview from How an Economy Grows and Why it Crashes
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Chapter 2. SHARING THE WEALTH
Able, the entrepreneur, seems to have a bright future. But what about the rest of the island? Haven't we just created a caste system of the have and have-nots? Will Baker and Charlie suffer because of Able's success? Not likely. Although it was never his intention to benefit anyone other than himself, Able's capital helps everyone nevertheless. Let's see how.
After witnessing the ease with which Able now catches his fish, Baker and Charlie asked him to share his innovative fish catcher.
"Hey, Able," said Charlie, "since you use that thingy only every other day, how about you let me use it the day you're out doing other stuff?"
"C'mon, share the wealth, buddy," added Baker.
But Able didn't just fall off the tuna truck yesterday. He remembers his self-sacrifice ... he remembered their scorn, and he thought of the risk. "What if they break my net? What if they just don't give it back? Then it's back to square one for me. So long, designer leafwear!"
With all this downside, Able turned them down. "Sorry, guys, no can do. I made my own net, so can you. At least you guys ...
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