By John Stossel
CAPITALISM MAKES US BETTER OFF
lose. It’s natural to believe that if you think there is a finite amount of money in the world. But there isn’t. Free markets increase total wealth. Competition encourages entrepreneurs to find new ways to release more value from both people and resources.
Everywhere, people trash capitalism.
But what they think they know about capitalism is usually wrong.
“No one ever makes a billion dollars,” complains Rep. Alexandria Ocasio-Cortez. “You take a billion dollars.” In other words, capitalists get
rich by taking money from others. That’s nonsense, and Myth No. 1.
Because capitalism is voluntary and consumers have choices, the only way
capitalists can get rich is to offer us something that we believe is better than we had before.
People believe that myth if they think that when one person wins, someone else must
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