Capitalism has the power to eradicate poverty in the next century
Whole Foods CEO: 'Business Has Been Hated by the Intellectuals and Elites for All Time'
Whole Foods CEO John Mackey delivered the opening keynote address for the International Students for Liberty Conference this weekend. Mackey stressed that capitalism has the power to eradicate poverty in the next century, expressed concern over capitalism’s “branding problem”, and maintained that “self-interest” alone is an insufficient moral foundation for the system. The themes presented by Mackey closely followed the premises of his new book, Conscious Capitalism.
Mackey’s analysis re-framed the issue of income inequality. Proponents of government control often point to wealth disparity as a social evil resulting from capitalism. However, Mackey noted that since capitalism’s development just over 200 years ago, overall global per capita prosperity has increased 10x. In nations which have embraced capitalism, the jump in prosperity is even more fantastic—35x in Japan, 100x in the United States, and 200x in South Korea. As Mackey stated, “Capitalism is ending poverty on planet earth. The problem is not that there is an unequal distribution of wealth in the world. The problem is that there is an unequal distribution of capitalism.”
As if the left ever really cared about real solutions to poverty. The more uninformed you are, the more your kept back from realizing economic liberty, the more likely you are to vote demagogue... err I mean democrat.