One billion people in the world living in extreme poverty have been raised up out of it in the past 13 years. Most of them live in China, and you have to ask, What happened there?
According to The Economist, capitalism is responsible for the improved living conditions of these people:
"China’s real great leap forward occurred because it allowed private business to grow"
"Its economy has been growing so fast that, even though inequality is rising fast, extreme poverty is disappearing"
China allowed more freedom of markets, and the result has been changed lives. (See "Create Wealth" in Labels to the right for stories about . . the creation of wealth)
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