No system of economics has raised as more people out of abject poverty than capitalism.
Even in parts of the world where people must work in sweatshops and make meager wages- those people are living better than they did when subsistence farming was their only option. According to Yaron Brooks, our own economy went through a similar phase. He says a nation has to go through phases of low pay in order to build themselves up to where their labor can become more valuable. It means developing a baseline of education and establishing widespread infrastructure.
The activists who want to save sweatshop workers from the likes of Nike are looking to send them back to the rice fields, where- instead of exchanging their time for a small amount of money- will exchange their limbs for a staple food.
We’ve heard it all out lives, profit-seeking is evil. Corporations are out to take and not give back. This is hooey. It is the one-sided voice of an ideology that thinks men and women are identical- but that men are also inherently toxic. Sense made = 0.
How then, did we obtain relatively clean running water? The easy answer is government provides it, and that’s true. But they do a bad job of it and they didn’t start it. Communities and corporations did.
The truth is, the profit motive is the motivation to provide value in exchange for money. The value created by those who wish to profit does not vanish. It is distributed into the society.
Here, a clip from a dramatization of Ayn Rand’s Atlas Shrugged illustrates the point.
~ Liberty Video News
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