Thus spoke Milton Friedman:
“In the only cases in which the masses have escaped from grinding poverty are where they have had capitalism and largely free trade. If you want to know where the masses are worst off, it’s exactly in the kinds of societies that depart from that. So that the record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.”
A few years ago when I used to waste time on Quora, I couldn’t resist responding to someone who asked, “How has capitalism ruined the world?”
Here’s my response, for the record.
Atanu Dey : Life is a Random Draw 