Socialism vs capitalism.
This post is solely based on a video by Prager U.
The subtitle on this video by Prager University is quite catchy:
The Market Will Set You Free
Here is the video or the link thereto.
Graph: GDP per capita – From the book “The Wealth of Nations” by Adam Smith, A Scottish Economist and Philosopher ( June 1723 – July 1790). First published in 1776.
The most important graph in the world.Jonathan David Haidt (/haɪt/; born October 19, 1963) is an American social psychologist, Professor of Ethical Leadership at New York University‘s Stern School of Business, and author. His main areas of study are the psychology of morality and the moral emotions.
Why does he say that?
Because he knows that there is no substitute for free-market capitalism as a promoter of human prosperity.
Chart: Poverty decline
Source: Prager University.