Article Week 4 - Patient capital Feb 8th 2007 From The...

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Patient capital Feb 8th 2007 From  The Economist  print edition Your parents were right. Patience is a virtue IN MODERN economies, inequality is a fact of life. But disparities of income are  a relatively recent phenomenon. For most of the species's existence, humans  lived in small foraging bands that had little material surplus and therefore enjoyed  a relatively egalitarian existence. The invention of agriculture, which generates a  surplus that can be stored and also gives value to land, permitted this to change.  But permission is not prescription. Exactly why some people were able to  accumulate more than others has been something of an anthropological mystery.  The archaeological record is little help, but the main hypotheses have been luck,  intelligence and aggression. These all, of course, play their part, but now a fourth  phenomenon has been added to the list: patience.  Writing in 
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