When Measured by Real World Outcomes, Capitalism Delivers
April 14th 2021, 11:47 am
If we actually examine the record of markets versus socialist regimes, we find that markets perform much better in terms of income growth, environmental quality, and the empowerment of women
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He is the editor of
Current Affairs and is the author of
Why You Should Be a Socialist (All Points Books, 2019). He’s made quite a lucrative career out of pushing for socialism. More specifically, he argues that socialism outperforms markets by nearly every measure, most especially including environmental preservation, income growth, and female empowerment. Yet, if we actually examine the record of markets versus socialist regimes, we find that markets perform much better. Here are a few examples.