[CT] UN, EU and WTO

[Dan Moran]

At 07:49 PM 7/5/2002 -0400, you wrote:
>10 of the 12 wealthiest states, including Washington DC,
> > voted liberal -- something about highly regulated environments appears to
> > produce wealth, wouldn't you say?
>
>     *Or* per-capita wealth (i.e. a large number of reasonably well off
>   people) tends to produce regulation.

I suspect it's a feedback loop, myself. I don't think regulation produces 
wealth; I think regulation produces fear of getting caught, which produces 
mostly-honest-behavior which produces transparency and permits people to do 
business in an atmosphere of at least moderate trust -- which produces wealth.

Which came first, wealth or regulation? I suspect they developed in tandem.

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