The Best Way To Help The Poor? Capitalism

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Posted: Feb 10, 2021 12:24 PM
The Best Way To Help The Poor? Capitalism

Source: AP Photo/Ted Shaffrey, File

There’s a recipe for growth and prosperity. It’s called capitalism.

As Dan Hannan explains in this video, it’s the way to help all groups in a society become richer.


This is a great video about how free enterprise delivers prosperity for the masses.

And because wealthy societies have lots of financial resources, capitalism also is correlated with good outcomes such as reduced pollution and increased literacy.

Hannan makes three key points in his video.

Indeed, the only possible shortcoming in the video is that it truncates Schumpeter’s quote.

As you can see below, it’s not just that free enterprise makes goods available for those at the bottom, it does so in a way that is increasingly affordable over time.

P.S. Here are Part IPart IIPart III, and Part IV of the series.

P.P.S. As always, I ask my left-leaning friends to shown me an example, either today or at some point in history, where a society became rich with big government rather than capitalism? I call this my never-answered question.