Sorry, Bernie

Terry Jones writes at Investors Business Daily,

...not so long ago, the left's big bugbear was poverty, not inequality. Then a funny thing happened: The left had to de-emphasize poverty because, as measured by the World Bank and others, absolute poverty is disappearing fast, thanks to capitalism and the collapse of communism.



That's right. Capitalism — not big government — is killing poverty. Socialism talks about poverty, but capitalism actually does something about it. As this chart shows, 200 years ago, 19 out of 20 people on Earth lived on less than $2 a day, adjusted for inflation, the definition of absolute poverty. Today, for the first time ever, less than one in 10 people live in this kind of abject state.

...Chalk up a victory for the Industrial Revolution, the 20th century's boom in capitalist factory production, the growth of global markets, the spread of cutting-edge technology and the profoundly liberating idea of personal freedom. These gifts of capitalism have enriched people the world over.

Read more here.