Hey Statists! Which economic system cures Poverty best?

by
Skip

Continuing on that 23 different types of deoderants, 18 different pairs of sneakers, and people making decisions all on their own and such; yet another post to which Statists would like you not to know (emphasis mine, reformatted):

Sorry, Socialists, But Capitalism Is Killing Absolute Poverty

To hear the global left these days, you’d think the only thing that matters is income inequality. Socialist candidate Bernie Sanders has even made income inequality a linchpin of his presidential campaign, as has millionaire presidential wannabe Hillary Clinton.”The issue of wealth and income inequality is the great moral issue of our time,” says The Bern , “it is the great economic issue of our time, and it is the great political issue of our time.”

But not so long ago, the left’s big bugbear was poverty, not inequality. Then a funny thing happened: The left had to de-emphasize poverty because, as measured by the World Bank and others, absolute poverty is disappearing fast, thanks to capitalism and the collapse of communism.

That’s right. Capitalism — not big government — is killing poverty. Socialism talks about poverty, but capitalism actually does

something about it. As this chart shows, 200 years ago, 19 out of 20 people on Earth lived on less than $2 a day, adjusted for inflation, the definition of absolute poverty. Today, for the first time ever, less than one in 10 people live in this kind of abject state.  As law professor and Instapundit Glenn Reynolds reminds us: For all of human history, extreme poverty has been the norm.

“Globally, we’ve changed that ‘normal condition’ by the spread of free markets and free inquiry, which have led to a global growth in knowledge and skills that has made almost everyone rich by human historical standards,” Reynolds wrote in USA Today.

Dead on.

Chalk up a victory for the Industrial Revolution, the 20th century’s boom in capitalist factory production, the growth of global markets, the spread of cutting-edge technology and the profoundly liberating idea of personal freedom.

These gifts of capitalism have enriched people the world over.

And folks like Bernie and Hillary (among others – I would add Democrat NH Gov Maggie Hassan for her earlier attempt to “nationalize” all of NH’s hospitals a few years back) would just LOVE to be the folks to roll all that backwards with their regressive, oppressive programs.  Oh sure, THEY don’t talk about what they want to do in such terms, but make no mistake:

If they aren’t letting YOU decide for yourself, they have grabbed the power to decide FOR you.

And that is the essence of totalitarianism and it leads to this:

The Bigger the Government, the smaller the citizen

Author

  • Skip

    Co-founder of GraniteGrok, my concern is around Individual Liberty and Freedom and how the Government is taking that away. As an evangelical Christian and Conservative with small "L" libertarian leanings, my fight is with Progressives forcing a collectivized, secular humanistic future upon us. As a TEA Party activist, citizen journalist, and pundit!, my goal is to use the New Media to advance the radical notions of America's Founders back into our culture.

Share to...