The rich are getting richer, and the poor are…also getting richer.
Despite the economic doom and gloom you often hear on the news and the media-generated angst over wealth disparities, global inequality is falling. Countless people are being lifted out of poverty. So, what’s driving this wealth creation? In this video, Daniel Hannan explains why it is capitalism – and capitalism alone – that has led to the unprecedented enrichment that is the central fact of Western life.
Once upon a time he ripped UK PM Gordon Brown a new one.