The reality is that everyone is getting welthier and the environment is generally improving..... If you doubt that, consider the phenomenon of e-Bay, It has generated billions of dollars of value by solving the search problem for hoarders and byers alike.
Not many have lost wealth as a result of e-Bay but almost everyone is better off, including the environment, since e-Bay has reduced the demand for new goods. E-bay is a spectacular but normal example, just like the wheel, cell phones, home appliances, better management in companies, and so it has gone on.
David Seymour
Taken from the Telegraph Journal
Tuesday December 28, 2010
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