First published at 23:48 UTC on February 25th, 2022.
Progressives attack capitalism because it lets some become very rich while others stay poor. Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez call such a system “immoral.”
But Yaron Brook, chairman of the Ayn Rand Institute says the opposite is …
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Progressives attack capitalism because it lets some become very rich while others stay poor. Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez call such a system “immoral.”
But Yaron Brook, chairman of the Ayn Rand Institute says the opposite is true.
He points out that the poor were much poorer before capitalism: “We have basically made about $2 a day for 100,000 years. In other words ... we could eat what we farmed and that was it,” Brook tells Stossel.
“And then something amazing happened about 250 years ago.”
Around that time, a few countries tried capitalism....
Credit: John Stossel with StosselTV
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