Over the last three centuries, capitalism has poisoned the very well of prosperity it has taken such pains to create.
The genie of capitalism, aided by the Industrial Revolution, can largely be credited with moving Western societies, and eventually much of the world, out of feudalism and the Malthusian trap.
Malthus, you remember, complained that humans never were able to increase our living standard through much of our existence. But capitalism’s advent increased the world’s productivity and living standard; it brought humanity ease, luxury and comfort, along with prodigious choice in
products and services.