Dear MarketWatch, I’m 74, and my wife and I are looking to retire to a place full-time where it is warm all year long (over 60 degrees during the day in winter), has a liberal mind-set and is on the East Coast and on the ocean. Right now we are …
Read More »Project Syndicate: How the East Asian mind-set succeeded with the coronavirus when Western individualism failed
Roman Pilipey/Shutterstock HONG KONG ( Project Syndicate) – In 1960, the Nobel laureate economist Ronald H. Coase introduced the “problem of social cost”: human activities often have negative externalities, so individual rights cannot be absolute. Institutions must intervene. There is no better example of this dynamic than the COVID-19 crisis. While virtually …
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