- 24 Mar 2011 01:16
#13663813
And what is that picture supposed to convey?
Thanks to the industrial revolution and capitalism, more people than ever before are able to eat. The United States exports a great deal of food; the "poor workers" in foreign countries who are employed at factories earning $1.50 an hour previously earned nothing per hour rummaging through garbage. Capitalism and technology have led to greater production and have improved the quality of life of the ordinary citizen (I am apt of the Henry Ford analogy; he invented the assembly line, growing fabulously wealthy while simultaneously enabling millions of people around the country to be able to afford automobiles, increasing their quality of life and productivity.
Farmers in the 19th and early 20th century, in fact, produced so much food that the price of food fell sharply (which, of course, became a problem; that is how productive they were)?
How successful have collective farms been?
Where do you see the most starvation, in free market countries where the rule of law prevails, or in communist or despotist nations where dictators or warlords prevail?
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
- Adam Smith