They listen to people like Rep. Alexandria Ocasio-Cortez, who says, "Capitalism ... is the absolute pursuit of profit at all human, environmental and social cost. That is not a redeemable system."
. . . "For thousands of years, everyone but the nobility was poor. Then, when some countries tried capitalism, wealth skyrocketed.
"When people are allowed to buy and sell things freely, everyone is better off.
"Socialists don't get that. AOC insists: "No one ever makes a billion dollars. You take a billion."
"But no billionaire showed up at my door demanding I give them money. Under capitalism, they can only get rich by offering people something we think is better than what we bought before.
"Yes, Amazon's founder is now absurdly rich, but consumers didn't lose. Jeff Bezos got rich by inventing a way for us to shop efficiently and pay less.
"And as Forbes points out, most billionaires weren't born rich.
Video: AOC "is why there are directions on a shampoo bottle"
. . . "Maybe, but capitalism also lifted more people out of poverty, created more opportunities and improved more lives than any other system.
"Economist Thomas Sowell said, "I don't ask, 'What is the cause of poverty?' Everybody is born poor and ignorant. The question is, what factors allow some groups to get from that position?"
"'Sowell put it well," concludes Forbes. "What is the difference between people today and people in the Stone Age? Difference is -- we know more. That's how you get a higher standard of living, from experiments in the marketplace, the laboratory, always trying to find new things. That's why planning doesn't work, because if we already knew it, we'd already be doing it!"
"Only capitalism allows the experiments that create better lives." . . . More...


