In response to:

Who Really Cares About the Poor?

LeBelieuDad Wrote: Oct 13, 2012 4:48 PM
I would just like to ask one thing to people who have problems with capitalism, are we better off now or did they have the good life before capitalism/industrialism reared its ugly head? To paraphrase Churchill "Capitalism is the worst economic theory except when compared to all the others"

Capitalism favors the rich. Socialism helps the poor. These are core beliefs of almost everybody on the left, including our president. Ah, but it turns out that this worldview is completely wrong.

Economists associated with the Fraser Institute and the Cato Institute have actually found a way to measure "economic freedom" and investigate what difference it makes in 141 countries around the world. This work has been in progress for several decades now and the evidence is stark. Economies that rely on private property, free markets and free trade, and avoid high taxes, regulation and inflation, grow more rapidly than...