Recommended reading!

I came across this article by Walter Williams and thought that it is a perfect description of the benefits of capitalism.

"There are some arguments so illogical that only an intellectual or politician can believe them. One of those arguments is: capitalism benefits the rich more than it benefits the 'common man.'

Let's look at it.

The rich have always had access to entertainment, and some times in the comfort of their palaces and mansions. The rich have never had to experience the drudgery of having to beat out carpets, iron their clothing or slave over a hot stove all day in order to have a decent dinner; they could afford to hire people. Today, the common man has the power to enjoy much of what only the rich could yesteryear. Capitalism's mass production have made radios and televisions, vacuum cleaners, wash-and-wear clothing and microwave ovens available and well within the reach of the common man; thus, sparing him of the drudgery of the past."

The whole article from Capitalism magazine is here.