There are lots of millionaires in the world. About 20 million of them, including about 6 million of them in the United States.
I’d like those numbers to increase, which is why I’m always advocating pro-market policies. Capitalism is not only superior to socialism, it’s also better than other alternatives (social justice, redistributionism, state planning, etc).
That means investment, entrepreneurship, innovation, competition and other behaviors that make the rest of us better off – even if we never become millionaires ourselves.
Remember, the normal state of humanity is grinding poverty and material deprivation. It’s only in the past few hundred years that many of us have escaped that fate – thanks to a system of free enterprise that channeled human greed…
View original post 339 more words