Based on Leonard Read’s famous essay “I, Pencil,” this short video beautifully illustrates the vast complexity that we carry in our pockets.
No one person could ever make a smartphone. It required the spontaneous cooperation of millions across all countries. The world could never be reinvented by a single mind, but rather requires the coordination of plans made possible only through private property and the price system.
HT: http://tucker.liberty.me/2015/01/27/15-great-lessons-on-commerce-and-entrepreneurship/#.VMfl-ZUvGGA.facebook
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