Vinod's Blog
Random musings from a libertarian, tech geek...
Thursday, October 10, 2002 - 05:41 PM Permanent link for capitalism saves
capitalism saves

Radley Balko has this OpEd at FoxNews brashly titled "Capitalism Key to Ending Poverty"

He starts with:

At about the same time a hodgepodge of protesters descended on Washington, D.C. last month to protest capitalism, globalization and free trade, the United Nations and the Institute for International Studies released a triad of studies declaring that humanity is, for the most part, in the best condition it’s ever been.

World poverty is down. Income gaps are narrowing. And the reasons for all of this are, to the protesters’ chagrin, none other than capitalism, globalization and free trade.

...Anti-globalization protesters can rail all they like against the evils of capitalism, international markets and classical liberalism. But the numbers are unmistakable. Wealth is the only remedy for poverty, and capitalism is the only real way to create wealth.

Den Beste, of course, has much commentary about the article as well.

 


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