M
MonteRCMS
Guest
It will take a while … and we would need to undertake unpopular anti-corruption measures and expand capitalism.why not deal with the main cause, namely poverty and corruption in the three Latin American countries,
Capitalism Brings Prosperity To All by Jaana Woiceshyn | Capitalism Magazine
Long-term wealth can only be created by earning it: by trading value for value for win-win outcomes.
www.capitalismmagazine.com
… mere observation confirms that people are economically better off than they were, say, 40 years ago. This is partly due to higher incomes today and partly due to the lower relative prices of many goods and services, thanks to freer markets in many parts of the world and a more global trade today. No, poverty has not been eliminated because we don’t have capitalism—which is the only system to eliminate poverty—but economic well-being has increased proportionally with economic freedom.
Observe many of the Asian countries as examples.
Even the Chinese have prospered, as the communist government there has increased economic, if not political, freedom.
Closer to home, we can observe low-income families being able to afford many of the technology and other products that previously were within the reach of only the wealthy: TVs, cell phones, laptop computers, cars, better quality and/or quantity of clothes and food.
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