Wednesday, August 24, 2005
Standard of living,
We hear a lot about "the standard of living" and how it is so blessed in America, but we often don't stop to think about why that is. In a word: Capitalism. The goal of all people who willingly live in a Capitalist society is to advance the standard of living. You can't do that and continue to do things the same way time after time. Changing may mean having some jobs replaced by robots and other machines; change can also mean having some jobs in America replaced by workers in foreign countries. But if such things make products cheaper for consumers, then everyone benefits. A rising tide lifts all boats.