Wealth enables homes, buildings and other structures to be built to withstand greater stresses. Wealth permits the creation of modern transportation that can quickly carry people to medical facilities. It enables those facilities to be equipped with more advanced medical apparatus and supplies, and amply staffed with highly trained doctors and support staff….
Those who preen themselves on their "compassion" for the poor, and who disdain wealth, are being inconsistent, if not hypocritical. Wealth is the only thing that can prevent poverty. However, if you are not trying to prevent poverty but to exploit it for political purposes, that is another story.
Friday, January 02, 2004
The Virtue of Capitalism
Looking at the two recent earthquakes in California and Iran, Thomas Sowell brilliantly notes the painfully obvious: If you don’t like capitalism, you have to be willing to accept the alternative.