Arthur Brooks

This morning I watched a delightful, short video on Facebook, narrated by Arthur Brooks, leader of the American Enterprise Institute in Washington. The Heritage Foundation is involved here somehow as the video is part of: Let Freedom Speak, The Daily Signal.

Brooks encourages the viewer by pointing out since the 70s 2 billion earthlings have been lifted out of severe poverty and cruel starvation. He goes on to claim the the free enterprise system or democratic capitalism will lift another 2 billion out of poverty in the next few decades without socialism, Communism or the nanny state. How will this occur--through the forces of market capitalism not fettered and strangled by governments and politicians.

Brooks lists five factors that make capitalism the marvellous, wondrous wealth generator of the world:
1. Globalization (not Leftist globalization of one world government or socialism or Communism taking over and ruling all nations--my parentheses and emphases) of market economies.
2. Free trade.
3. The rule of law--honest government where bribes, corruption and nationalization of private property is disallowed and punished.
4. Property rights.
5. Culture of entrepreneurship.

So, let us spread the American Way to the world in forms of constitutional republicanism, individual achievement,  and free market economics.

As we oppose and end totalitarianism and authoritarian despotism and their accompanying state capitalism or outright communist economics, we will help peoples help themselves to make lots more money, to care for themselves and to have enough wealth to enjoy life, and Brooks lists the 5 factors of capitalism that will help these peoples achieve their material goals,