Everything we have in the modern civilized world is only possible due to capitalism.  We have personally witnessed one of the most remarkable achievements in human history: between 1970 and 2010 the worst poverty in the world – people who live on one dollar a day or less – has decreased by 80 percent.  It’s the greatest achievement in human history.  80%percent of the world’s worst poverty, eradicated in less than 40 years. That has never, ever happened before.

Capitalism created of wealth, which in turn financed and motivated further invention and production. Horse-and-buggies were replaced by automobiles, wagon tracks by steel rails, candles by electricity. The result of the core achievements of Western civilization has been an increase in freedom, wealth, health, comfort, and life expectancy unprecedented in the history of the world.