The world’s poorest countries are not characterized by naive trust in capitalism, but by utter distrust, which leads to heavy government intervention and regulation of business. Under such conditions, capitalism does not thrive and economies remain poor.
economic theory
Ox-Bow Development: Councilman Meeker Sees Palm Coasters as Business-Hunting Posse
Frank Meeker would award $1,000 per job over three years for local residents who convince businesses elsewhere to “uproot” themselves and move to Palm Coast. City staff is studying the idea.