Democracy allows for individual capitalism, where a person can own private property and engage in business to improve his or her life.
Forbes, July 27, 2020, published Rainer Zitelmann’s article “Anyone Who Doesn’t Know The Following Facts About Capitalism Should Learn Them,” in which he wrote:
“In 1820, 94% of the world’s population was living in extreme poverty.
By 1910, this figure had fallen to 82%, and by 1950 the rate had dropped yet further, to 72%.
However, the largest and fastest decline occurred between 1981 (44.3%) and 2015 (9.6%).
Reading these figures, which were compiled by Johan Norberg for his book Progress, is enough to make anyone rub their eyes in disbelief.
For according to leftist anti-capitalists, these were the very decades in which so much went so wrong in the world.” |