Free Market Capitalism

In 1820, Four in Five People on Earth Lived in Extreme Poverty;
Today About One in Ten Do

Legacy of the Western World:
Unprecedented Economic Growth Through Capitalism

"Throughout history the average person lived in extreme poverty. The destitution of the common man only changed with the onset of economic growth" which occurred as capitalism was established. "Economic prosperity was only achieved over the last couple of hundred years. In fact, it was mostly achieved over the second half of the last hundred years. The world economy has moved from a zero-sum game to a positive-sum game. This made it possible that when people in one place became richer, other people in other places could become richer at the same time."

Entrepreneurship Opens Economic Possibilities

Under capitalism, entrepreneurship is a fundamental driver of economic opportunities. It encourages innovation, job creation, competition, wealth generation, and market expansion, contributing to overall economic growth and prosperity. It empowers individuals to create their own economic destinies and can have positive effects on society as a whole.
Capitalism Elevates Prosperity for All

"A rising tide lifts all boats." Capitalism helps raise the standard of living and economic conditions for a broad range of people. Capitalism, with its emphasis on private ownership, entrepreneurship, and free markets, has a track record of fostering economic growth, creating jobs, generating income, and contributing to the overall economic expansion of a country. This growth can lead to a larger economic pie for everyone to share.
Consumers Exert Power

For example, consumers organize boycotts against companies for unethical or objectionable practices, express their demand for new, innovative products, influence pricing by refusing to by overpriced products or show willingness to pay a premium for exceptional products. This is the antithesis of a planned economy in which there is centralized, state control of what products get produced and how they are priced.

For all of human history, virtually everyone was very poor — the economist Max Roser and the Our World in Data project date the turn to roughly the last two centuries. Economic historians call what followed the Great Enrichment: in Deirdre McCloskey's account, the average person's real income rose roughly fifteen-fold in ten or twenty generations, and she calls the onset of that growth the only truly important event in the economic history of the world.

Quotes From Notorious Rulers of the 20th Century

These are quotes from some of the 20th century leaders of Fascist and Communist governments which were responsible for more than 100 million deaths. Their ideas and therefore actions stand in stark contrast to the ideals of Western freedoms.

(The quote collection is under construction so some are blank).

In class I gave a quote from Che Guevara. Here is the actual quote:
"To execute a man we don't need proof of his guilt. We only need proof that it's necessary to execute him. It's that simple.""A revolutionary must become a cold killing machine motivated by pure hate. We must create the pedagogy of the paredón [execution wall]." ~ Che Guevara