The road to prosperity 3

 Jonah Goldberg writes in Townhall:

‘Capitalism is the greatest system ever created for alleviating general human misery, and yet it breeds ingratitude.

People ask, "Why is there poverty in the world?" It’s a silly question. Poverty is the default human condition. It is the factory preset of this mortal coil. As individuals and as a species, we are born naked and penniless, bereft of skills or possessions. Likewise, in his civilizational infancy man was poor, in every sense. He lived in ignorance, filth, hunger and pain, and he died very young, either by violence or disease.

The interesting question isn’t "Why is there poverty?" It’s "Why is there wealth?" Or: "Why is there prosperity here but not there?"

At the end of the day, the first answer is capitalism, rightly understood. That is to say: free markets, private property, the spirit of entrepreneurialism and the conviction that the fruits of your labors are your own.’

Read the whole thing here – it’s very good. 


Posted under Commentary by Jillian Becker on Friday, August 1, 2008

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This post has 3 comments.

  • Jillian Becker

    Michael – The only ‘equality of opportunity’ that is needed is the open society.

  • Michael

    True enough, poverty is the default human condition. But babies who are born penniless and without language have their parents to teach them to speak and bring them up to be successful. Likewise, someone who has not had our privileges requires that initial money supply to put them on the track to success. Welfare supplies them with that money. To ensure equal opportunity for everyone, it is important to have a welfare system to help the disadvantaged.

  • Bob

    Thank you for linking me to this excellent article.