The poor are not getting poorer...Shhh don't tell Shorten

In what seems to be rampant hysterical amnesia, Socialism is being viewed by too many in our liberal Western societies as a 'better' alternative to Capitalism. Social justice warriors constantly decry the exploitation of the impoverished masses by the greedy capitalists. The rich are getting richer and the poor are, as a consequence, getting poorer. This class warfare mantra is widespread; from Jeremy Corbyn in the UK, Bernie Sanders in the US to our very own Bill Shorten in Australia. Hardly a day passes without Bill claiming he will restore some sort of equality by attacking the "Rich".

Yet, it is a patently false narrative. History shows the opposite to be true. As the rich get richer the poor have been getting richer too! Indeed the supposed rise inequality in Australia is also a myth perpetuated by self serving politicians to advance their cause , and I have to note, abetted by a media blinded by their own political bias.

A recent Prager video makes the argument clearly, as always. Well worth the few minutes.

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Capitalism Rocks - time to say so!

Prager U's latest video, "If You Hate Poverty, You Should love Capitalism" should not be anything new. All those living in any Western society should be well aware of the enormous benefits to the world wrought by the Free enterprise, Innovation, open markets and competition.
Unfortunately this is far from true. Too many are unaware of the simple fact that it is capitalism that has created the modern world; increased the living standards for everyone and is rapidly eliminating poverty worldwide.

You won't hear this from much of the media, nor from academia. They focus on and amplify the problems of capitalism, and pontificate on options that solve this problem or that. However the simple fact is that all the alternatives that have been proposed and tried are abject failures.

We should always remember that Free Enterprise is the foundation of our prosperity and resist any attempts to undermine it.