Global Capitalism: The Solution to World Oppression and Poverty

Capitalism is the system of individual rights. The enormous success of capitalism in Asia in the 20th century’s second half, and the beginning of its positive impact in contemporary Latin America add to the evidence accumulated in Europe and North America over the past 200 years: capitalism is the system of both freedom and prosperity. Conversely, capitalism’s antipode — statism in any form — those systems that deny the principle of individual rights, necessitates both political oppression and economic destitution. The purpose of this talk is to show that and why these claims are true. This talk shows that wherever the political/economic system of capitalism is instituted on any continent in any era men’s freedom and prosperity are greatly increased. This was as true of 18th century Europe as it is of 21st century Asia. From its earliest days, capitalism raised the poor’s living standards and, within a century, eradicated in the Western world the ages-old scourge of child labor. At the turn of the 21st century, the enormous benefits of capitalism are beginning to be reaped in the 3rd World, especially in Asia. As Ayn Rand stated, capitalism is the ideal social system and this talk, based on three years of research for ‘The Capitalist Manifesto’, proves it.

University of Southern California . Fri, Oct 27, 2006 Time: 6:30pm Location: SAL – 101. Contact Info:

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