“Capitalism in the 19th century did not doom the worker to a life of perpetual poverty. Instead, they kept creating new and better-paying employments as the decades went by. They produced the wealth and rising income that resulted in the emergence of a phenomenon completely new to human history: a self-supporting and educated middle class that grew more and more as they lower classes bettered their economic well-being.” HumansWellsSelfWealthClassPovertyEconomicMiddleCenturyGrewCreatingCapitalismWorkersDecadesIncomeEducatedEmploymentWell BeingRisingMiddle ClassPhenomenonPerpetualHuman HistoryDoom19th CenturyEmergenceLower Class Author:Richard Ebeling
“Our world today is in the grip of anti-capitalism. State bureaucracies ruling over anti-market policies have grown into ideological and political elites who arrogantly presume to know and dictate how we should all live and work.” KnowsWorldShouldStatesTodayPoliticalPolicyCapitalismOur WorldElitesBureaucracyRulingWorld TodayIdeological Author:Richard Ebeling
“Through private investment capitalism kept raising the productivity of labor to new heights. Parents were able to earn enough so their offspring did not have to join the work force at an early age. This produced something unique in history: Childhood, a time when the young could experience the innocence of play and opportunity of schooling before entering the world of work.” WorldEnoughPlayAgeAbleYoungOpportunityForceParentChildhoodUniqueCapitalismLaborInvestmentProductivityInnocenceHeightEnteringSchoolingOffspring Author:Richard Ebeling
