The “Evil” of Capitalism, in One Chart
A great chart tweeted by technology analyst Benedict Evans of Andreessen Horowitz:
To which Evans adds: “That 5bn people have a phone & 2.5bn already have a smartphone is a huge achievement of, mostly, free markets and permissionless innovation. … It’s been clear for a decade that access to communications transforms prospects for the poorest. A phone *does* put food in your belly.”
And if that chart doesn’t do it for you, maybe this one will:
Thanks trade and investment. Thanks capitalism.
Learn more:
- 700 million humans have moved out of deep poverty in the 21st century. Thank capitalism
- If you think trade deals have ruined the American economy, reconsider
- 2 disturbing charts on world trade and economic openness
Reprinted with permission from AEIdeas.
James Pethokoukis
James Pethokoukis is a columnist and blogger at the American Enterprise Institute. Previously, he was the Washington columnist for Reuters Breakingviews, the opinion and commentary wing of Thomson Reuters.
This article was originally published on FEE.org. Read the original article.
