Two weeks ago we spent time on what most people would never guess, that global poverty has hugely declined. Hardly anybody knows this, so of course hardly anybody knows that free enterprise made the difference.
But certain voices in America would have you think that free enterprise is an unfair system.
Everybody should know that free enterprise makes our nation more fair, not less fair. Former economics college professor Arthur Brooks makes a clear case below. (Btw, looks like he uses the terms capitalism and free enterprise to mean the same thing.)
It's fair to reward merit, that is, to reward people who have earned those rewards.
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