Capitalism in today’s world
Students for Liberty has recently posted a cool video, showing the impact of capitalism on our world over the past decades. The many statistics that show the way capitalism has improved our lives and those of billions of people across the entire planet.
They have this to say: “Capitalism: the system that didn’t just give you smartphones and sushi delivery — it also reduced global poverty, raised countries’ GDPs, and turned famine into the exception, not the rule. And yet… some people still claim communism just “hasn’t been done right.””
Keep in mind, these impacts are not calculated or based on truly “free markets.” This is real-world, in a world where all too often we see Crony Capitalism as the dominant but perverted form of Capitalism: of markets that are only moderately “free” for certain values of “free.” Yet this corrupted and all-too-fallible system has resulted in extending the lives of billions of people, of ending millennia of poverty and economic oppression – and largely controlled slavery.
Imagine what it might be life if we didn’t have this abomination of a mixed system where too much of the productive elements (both goods and services) are either owned/operated by government or so micromanaged (regulated) by government as to make them nearly as bad. And if the government did not promote and support crony capitalism?
The plain and simple truth is that individual people are generally the best person to decide what they want to do and want to provide to others. Yes, there are exceptions: children too young to recognize and understand the consequences of their actions, and those mentally incapable of doing so, or who have been driven mad and cannot see what is wrong and what is right. Those who commit aggression against others, for example.
Is the free market perfect? Is capitalism perfect? Of course not. But they are largely self-correcting and avoid the dangers of top-down control, decisions made by self-proclaimed elites, and the machinations of con-artists and other parasites on mankind.
Source: https://freedombunker.com/2025/05/13/capitalism-in-todays-world/
