Thursday, June 3, 2010

Capitalism is good for kids

The other engine of this progress is the spread of free markets in the past three decades, says Stephen Moore an economist and co-author of "It’s Getting Better All the Time: 100 Greatest Trends of the Last 100 Years." He pointed to how China and India, combined, in just the past 30 years have brought 500 million people out of poverty. In addition, he said, "A lot of Asian countries have moved toward capitalism, although not as fast as we would like to see." And free-market gains have been seen in Africa as well.

He pointed out that free markets clearly bring greater prosperity than socialism. And more prosperity translates into higher health standards. After all, it costs money for the things the study said contributed to the decline....

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