• Returning Visitor?
  • Log In
  •    Please leave this field empty
  • Share this Page
  • Powered by Convio

Global Capitalism: The Solution to World Oppression and Poverty

by Dr. Andrew Bernstein

 

The opponents of global capitalism overlook the key points in the debate. The capitalistic nations of Europe, North America and Asia are by far the wealthiest societies of history—with per capita incomes in the range of at least $20,000 $30,000 annually. But capitalism is not merely the system of prosperity; fundamentally, it is the system of individual rights and freedom.

 

Capitalistic nations protect their citizens’ freedom of speech, of the press and of intellectual expression. Similarly, their citizens possess economic freedom, including the right to own property, to start their own businesses and to seek profit. By stark contrast, the pre-capitalist systems of history, and the non-capitalist systems of the present, are politically oppressive and economically destitute; their citizens have no rights and, consequently, little or no wealth.

 

What deeper principles make possible the freedom and wealth enjoyed under capitalism—and lacking in its political antipodes? How has capitalism already greatly enhanced the lives of millions of human beings in formerly impoverished Third World countries? What can the men of the free world do to further promote the spread of capitalism into the repressed nations of the globe?

 

 

Web site design by Michael Chiavaroli & Associates. Please report technical issues to webmaster@aynrand.org.

Copyright © 1995–2013 Ayn Rand® Institute (ARI). All rights reserved. Reproduction in whole or in part is prohibited. ARI is a 501(c)(3) nonprofit organization. Contributions to ARI in the United States are tax-exempt to the extent provided by law. Objectivist Conferences (OCON) and the Ayn Rand Bookstore are operated by the Ayn Rand Institute. Payments made to Objectivist Conferences or to the Ayn Rand Bookstore do not qualify as tax-deductible contributions to the Ayn Rand Institute.