Capitalism Defended
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According to increasingly many Democrats in America, who fancy themselves as 'Democratic Socialists', the free market, using capitalist principles, has brought oppression, racism, income inequality, and poverty. This is a popular refrain from socialists like AOC, Bernie Sanders, and Elizabeth Warren. Is the free market actually guilty of so much evil? Not at all! While it certainly has problems, free-market capitalism has raised more people out of poverty than ANY OTHER ECONOMIC SYSTEM in history! I am against crony capitalism. I favor morally restrained capitalism, contra the "Greed is good." of the 1980s Wall Street yuppies! All the data we have is clear that in the past 200 years (1820 - 2020), the rates of poverty globally have been reduced dramatically thanks to capitalism. Both baseline poverty rates, as well as extreme poverty rates, have decreased sharply under capitalism. Millennials and Gen-Z are being brainwashed by socialist teachers to believe that so