From January 1, 2022 post
Data show that capitalism is the greatest engine for prosperity the world has ever seen: between 1990 and 2010 alone, world poverty was cut in half (https://fee.org/articles/extreme-poverty-rates-plummet-under-capitalism/). Capitalism is not evil. Nor are wealth and profit. These are leftist/Marxian narratives that have crept into our body politic (and academic institutions), and which threaten to undo decades of prosperity that our free-market capitalist system has brought us over the years. Coupled with democracy and the rule of law (which holds both corporations and individuals accountable), capitalist, free market systems will continue to produce great prosperity, and will again (as they have in the past) lead to an “all boats rise” scenario. This is the case in our country and around the world. Even the communists in Beijing cannot deny the developmental power of capitalism and employ it in limited fashion, though they fear unleashing it completely, lest it undermine their totalitarian control. We must not give up on the forces that made our country great, but must work to ensure that corporate tax rates are better than anywhere in the world so that we stay competitive, that we use tariffs only sparingly, and that we protect US businesses and technology against predatory practices and intellectual property infringements/theft at home and abroad.
Original source can be found here
