Quotation of the Day…

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… is from page 132 of Norbert Michel’s excellent data-filled 2025 book, Crushing Capitalism: How Populist Policies are Threatening the American Dream:

Critics insist that their industrial policy prescriptions would be better for the typical worker, less-educated workers, and anyone unable to obtain the skills needed to compete in the current job market. But such policies would promote a culture of dependency because they would make it easier for people to remain in less-educated and lower-skilled categories and thus leave them unprepared to deal with future changes and challenges. Besides, such policies show little faith in the average Americans’ ability to better themselves and ignore all the evidence that suggests that they can improve their living standards when given the opportunity.