Vance Ginn writes about the benefits of capitalism in The Washington Examiner.
- Socialism has grown in popularity, especially among young people who believe that it will better address issues such as climate change.
- Instead of socialism, we should turn to economic freedom which is the most effective tool to reduce emissions and improve livelihoods.
- Capitalism has pulled billions of people out of poverty worldwide while creating the innovations that are needed to lower greenhouse gas emissions.
- Moving forward, policymakers should unleash policies rooted in economic freedom to make meaningful climate progress.
“Capitalism, with a free market economy of voluntary exchange and limited government, allows spontaneous order with a well-functioning price system to best allocate resources to those who value it most. This results in a compassionate system for people rather than for politicians.”
Read the full article here.
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