Capitalism would remain ascendant, they argued, only so long as it produces prosperity, and not everywhere even then.

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Working with Yemen and our other allies and partners, we will be determined, we will be deliberate, we will be relentless, we will be resolute in our commitment to destroy terrorist networks that aim to kill Americans, and to build a world in which people everywhere can live in greater peace, prosperity and security.

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The importance of fostering peace and prosperity was brought home again with the blasts in London on July 7, aimed at civilization everywhere.

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Perhaps the powers that be had read and taken to heart De Soto's classic work The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, in which he discusses how crucial secure property rights are to achieving prosperity.

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Tim Phillips, the boss of Americans for Prosperity, a small-government pressure group, says that he and his colleagues encountered enthusiastic crowds everywhere they went during a 12-city tour of Wisconsin in support of the proposed checks on the state's public-sector unions.

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