Friday, August 01, 2008

The Spoiled Children of Capitalism

Jonah Goldberg has an excellent article on why those who have benefited most from capitalism are those who hate it most. He correctly points out, as I have before, that it is not poverty which needs to be explained, but wealth. More, he hints at the fact that socialists are the ones who are deeply materialistic, not capitalists. It is socialists who think that everything involves materialism and only materialism. Thus, when resource-rich African countries are poor, Western exploitation is blamed -- even if no one can actually find examples of such exploitation. The real problems: lack of rule of law, lack of property rights protections, etc. But these are ignored. Why? Liberal guilt. Ironically, such liberal guilt results in more poverty and suffering, while if those same liberals would use their money and education to open up businesses, poverty could in fact be eliminated.
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