Capital is the product of human energy and land … and time. The time-block is the reason that people must abstain from consumption, and save. Laboriously, these savings are invested in capital goods. We are further along the road to a high standard of living than India or China because we and our ancestors have saved and invested in capital goods, building up a great structure of capital. India and China, too, could achieve our living standards aft er years of saving and investment.
Murray N. Rothbard
Economic Controversies, p. 577
https://youtu.be/j0cXomWoiVw Focusing on disparities also distracts from focusing on the principle at hand. Progressives often will oppose the “War on Drugs,” for example, on the grounds that certain demographics are disproportionately targeted for drug arrests. But...