Thought For the Day: Capitalism Has Been the Most Effective Way To Eliminate Poverty In History

Socialists like to blame every inequity, the actions of every greedy criminal, every downturn and every social ill on the injustice of capitalism. But none of them admit that capitalism has been the most effective way to eliminate poverty in history. Today, in former socialist states like India, there have been big reductions in poverty thanks to increased capitalism. In China, where communism sadly still deprives more than a billion people of their basic rights, hundreds of millions benefit from a system that is slowly shedding socialism. Since the fall of the Soviet Union, the extreme poverty rate in the world has been cut in half. And it didn’t happen because Southeast Asians were raising the minimum wage. In the United States, only 5 percent of people are even aware that poverty has fallen in the world, according to the Gapminder Foundation, which is almost certainly in part due to the left’s obsession with ‘inequality’ and normalization of ‘socialism.’ Nearly half of American millennials would rather live in a socialist society than in a capitalist one, according to a YouGov poll. That said, only 71 percent of those asked were able to properly identify either. … If all you really champion are some higher taxes and more generous social welfare, stop associating yourself with a philosophy that usually brings destitution and death.” – David Harsanyi

 

 

 

About alohapromisesforever

Writer, poet, musician, surfer, father of two princesses.
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