Making Money Minute with Ron Hiebert - Capitalism The Good & The Bad

Over the past decade it has become fashionable to bash capitalism and private business as the consummate evil. Often ignored, are the exponential improvements to the human condition that man’s drive to increase profits has produced. At the beginning of the 1800’s, just about everyone lived in extreme poverty. Today, that number globally sits at around 9%. In the last two hundred years, economic output is up 300 times and even including massive population increases, is up 13 times per person. Capitalism has its flaws, but has also achieved amazing triumphs.

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