Wednesday, September 9, 2026

Capitalism, Bad

 https://x.com/historywjacob/status/2095663136661479730?s=51&t=cLq01Oy84YkmYPZ-URIMYw

In 1990, more than a third of the planet lived in extreme poverty. Today it's under 10 percent. Over a billion people climbed out in a single generation. The fastest, largest escape from poverty in human history. It didn't come from government aid or charity. It came from capitalism. Free markets, private property and trade. When people are free to start a business, own what they build and sell it, they lift themselves out of poverty. Every time. Everywhere it's been tried. Nothing in history has lifted more people out of poverty."

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It seems reasonable to conclude that Socialism/Communism leads almost inevitably to starvation, poverty for the majority, and death while Capitalism leads to the largest reduction in extreme poverty in history.  Choose wisely.   

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