As the Rich Get Richer, the Poor Get Richer

  • Daniel Hannan, member of the European Parliament United Kingdom. YouTube video by PragerU.
  • The rich are getting richer and the poor are getting poor faster. The market driving force for this: More people are being lifted out of poverty.
  • The most rapid falls in poverty are happening in countries that are joining the global trading system.
  • Free trading countries are doing well, whilst protectionist ones are falling away economically.
  • Under a free market system, you get on by offering consumers something they want.
  • The achievement of capitalism is not to provide more silk stockings for princesses but to bring them within the reach of the shop girl.