Louis XIV had hundreds of servants who prepared him dinner. Today, my supermarket offers me a buffet Louis XIV couldn’t imagine. Thanks to trade and property rights and markets, each of us lives as if we had more servants than kings.
Progress
Observe the paradoxes built up about capitalism. It has been called a system of selfishness (which, in my sense of the term, it is)—yet it is the only system that drew men to unite on a large scale into great countries, and peacefully to cooperate across national boundaries, while all the collectivist, internationalist, One-World systems are splitting the world into Balkanized tribes.
Capitalism has been called a system of greed—yet it is the system that raised the standard of living of its poorest citizens to heights no collectivist system has ever begun to equal, and no tribal gang can conceive of.
Capitalism has been called nationalistic—yet it is the only system that banished ethnicity, and made it possible, in the United States, for men of various, formerly antagonistic nationalities to live together in peace.
Capitalism has been called cruel—yet it brought such hope, progress and general good will that the young people of today, who have not seen it, find it hard to believe.
As to pride, dignity, self-confidence, self-esteem—these are characteristics that mark a man for martyrdom in a tribal society and under any social system except capitalism. – AYN RAND
Thanks To Progress Because of Capitalism Life is Getting Better
I obsess about problems. But I try not to let that distract me from the big picture:
History of Steel and The Roots of Progress
What is this metal that is so indispensable to the modern world?
Empires of Light, by Jill Jonnes
Why AC won the Electricity Wars.
Air Into Bread
What is the Haber-Bosch process? It’s what keeps billions of people in the modern world from starving to death. In Hager’s phrase: it turns air into bread.
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