You cannot create prosperity by law. Sustained thrift, industry, application, intelligence, are the only things that ever do, or ever will, create prosperity. But you can very easily destroy prosperity by law.
In societies where mature workers are respected and where their wisdom is respected, everybody benefits. Workers are more engaged and productive. Their health is better. They live longer.
It isn't effective or productive to force your employees to do anything. Choice empowers people and makes for a more content workforce.
We have the greatest resource universities in the world, the only place in the world. We have the most productive workforce in the world. We have the most agile venture capitalists in the world. We have a situation where right now in the United States of America, we are near energy independent. North America is beginning to be the epicenter of energy. What is it that makes people think that this is not going to be the American century? I don't get it.
China has, all of a sudden, found a way of putting the best of the best to work to build an economy that is growing at 10% to 12% per year, and now India is following. And those changes and how quickly they've come out of this mess, how little debt they have, is really important.
The wealth of society is its stock of productive labor.
