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“America’s now trendy socialists mistake accretion for creation when it comes to wealth. This error of convenience serves as self-justification for the left’s policies, by simply assuming wealth will inevitably result, regardless of what they inflict on the economy. However, the left’s misapprehension that wealth is inevitable makes their economic policies doomed before they begin.
Accretion is the gradual formation of a larger body through natural forces. Like sediment, it simply increases, piling up, layer upon layer. No one does it, it simply occurs.
For America’s new left, this is how wealth occurs in society. It is a natural force, not a manmade one — and certainly not due to capitalism, which they see as taking credit for what would have occurred anyway. To paraphrase a popular vulgarism, for the left: Wealth happens.”
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