June 12, 2014

ROGER KIMBALL: Catholics And Capitalism. “Here’s the bottom line: Capitalism is the greatest engine for the production of wealth the ingenuity of man has ever invented. Are you interested in helping the poor? Embrace capitalism. Do you want to help clean up the environment? Embrace capitalism. Are you interested in obliterating the scourge of malnutrition or some ghastly African disease or illiteracy or [fill in your personal do-good desideratum here]: yep, embrace capitalism. The global poverty rate, Kevin reminds us, has been cut in half in the last 20 years. Think about that. Then think about the sorrowful history of our species up to about 1830. How much progress against widespread — really, near total — poverty had there been from the beginning of time until then — until, that is, capitalism started to take off? Not much.”

Other -isms have much poorer track records.