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September 30, 2004
The Reality of Cambodia
Here is an informative but depressing audio slide show by New York Times columnist Nicholas Kristof.
While Kristof does a great job at dispelling some of the myths regarding factory labor in poor nations, the next question that logically follows is why are such horrid factory jobs the best that are available?
Lack of democracy, property rights, the rule of law, and excessive government regulation all play a part. Two excellent books on the subject are Eat the Rich by P.J. O'Rourke and The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else by Hernando de Soto.
Posted by Peter Mork at September 30, 2004 5:47 PM
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