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The Achilles heel of socialism was the inability to link the socialist goal with the provision of incentives for efficient labor and the encouragement of initiative on the part of individuals. It became clear in practice that a market provides such incentives best of all.”96
The Cold War
John Lewis Gaddis
At one point, while talking about the advantages that England derived from colonial trade
Alexander Hamilton
Ron Chernow
But unlike the British, the Americans emerged from the war with their economy thriving: wartime spending had caused their gross domestic product almost to double in less than four years. If there could ever be such a thing as a “good” war, then this one, for the United States, came close.
The Cold War
John Lewis Gaddis
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