Individuals No Longer Solely Responsible for Economic Destiny, Interdependence Redefines Obligations
The article discusses how the concept of economic responsibility has evolved over time. In the past, it was mainly about individuals taking care of their own financial well-being. Now, it's more about how people are interconnected and rely on each other in the modern world. The focus has shifted from individual self-reliance to a more collective approach, especially in industries where competition is natural. The idea is to let the majority in a trade decide how they compete and to regulate natural monopolies. The key idea is that responsibility now involves working together rather than just looking out for oneself.