Capitalism Helps the Poor, Democratic Socialism Does Not

submission statement

The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under orders from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way.

In the only cases in which the masses have escaped the kind of grinding poverty you are talking about, the only cases in recorded history, are where they have had capitalism and largely free trade.

If you want to know where the masses are worst off, it is exactly the kind of societies that depart from that. The record of history is absolutely crystal-clear: That there is no alternative way, so far discovered, in improving the lot for ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.

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