Edwards, 20, Lee Edwards, PhD author or editor of 25 books, 5/21/2020, “The Case for Capitalism”, https://www.heritage.org/conservatism/commentary/the-case-capitalism - FT
Adam Smith’s “invisible hand” is everywhere. Capitalism, not socialism, is responsible for a global economic miracle: The number of people living in poverty around the world has declined every year since 1990 while the global population has risen. Free-market capitalism, in the words of the Pew Research Center, has for the first time “allowed [billions of] people to decide for themselves what they valueand what type of life they wish to pursue.”
Capitalism improves the quality of life – life expectancy, poverty levels, basic essentials
Redd ND [Ivey Redd, "Capitalism, the Greatest Economic System Ever," yipinstitute, https://www.yipinstitute.com/articles/capitalism-the-greatest-economic-system-ever, SMarx, JTong]
How does capitalism improve lives? This question can easily be answered by simply looking back in time. In 1820, over 90 percent of the world lived in extreme poverty. In 1990 around 30 percent of the world lived in extreme poverty. Today, less than 10 percent of the world's population lives in extreme poverty. Before the industrial revolution, the poor were lucky to find anything to eat. These individuals lacked running water, shelter, and basic sanitation. On the other hand, today the poor and rich both have access to and enjoy these basic necessities.People all across the world now have access to education, food, heating and cooling, travel, cars, vaccinations, etc. Many people bring up the income inequality argument. I believe that thetrue inequality is materialistic. For instance, individuals may not have access to what they believe is good food, good housing, nice cars, and cool clothes, but still have access to all of these goodseven when they do not believe these goods are the nicest levels they can get.Poverty levels around the world have dropped rapidly. Thanks to improvements in healthcare and living standards brought about by capitalism, almost every country has an average life expectancy of over 70. This can be accredited to the free markets.
