Only by doing what comes easily to you but exhausts others can you gain an advantage.
People only have an advantage when they do things that come effortlessly to them but require others to exert great effort.
People only have an advantage when they do things that come effortlessly to them but require others to exert great effort.
One part is exports—commonly called foreign trade—and the other is the expansion of household balance sheets (domestic consumption).
Naturally, it’s the relatively excellent private enterprises that are taking the profits. The mediocre ones have always been losing money.
The private sector earns first, and only after it’s on solid ground does the state get its cut—because the money the government collects comes from those businesses.