It's Not About Love

In popular perception any overture from major external economic players is seen with the lens of how it will benefit us. There are instances when even external policy decisions are assessed in terms of how they will positively affect us. 

We obviously will be wrong if we swallow line hook and sinker all that those courting us tell us. in any case, as Adam Smith popularly quipped,  “it is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest”.

That is the case I make in my essay published in today's Business Daily, where I argue that we are masters of our destiny therefore we need to build our institutions as a way of assuring our future growth. We simply can't outsource institutions.