America will need Margaret Thatcher’s conviction to clean up the mess Joe Biden left
To begin with, we need to define capitalism, instead of letting the other side spread lies and lies. Capitalism is not favorable to big business. It’s pro-people – everyone, without exception. Economic freedom is about empowerment, especially for the less fortunate and the most vulnerable. We want a society where a single mother can provide for her children, where a working family can get a better job and a higher salary, where a student can turn their big idea into a growing small business. We want a society where people don’t just dream – they have the freedom to do so, and no one has the power to stand in their way.
We have to describe what capitalism has done – namely, lift more people out of poverty than anything else in human history. Economic freedom has doubled the life expectancy of Americans from 40 to 80 years. It has reduced infant mortality from one third of children to virtually none. It took us from horses to cars, to airplanes to spaceships, while turning the impossible into the inevitable. After looking at America, other countries have followed our example, including abandoning socialism. Now someone is escaping extreme poverty every 1.2 seconds in the world – and capitalism is to be thanked.
Finally, we must apply capitalism to the unique challenges of our time. Many assume that capitalism is about lowering taxes, reducing bureaucracy and unnecessary spending. That’s it, but it’s so much more. Capitalism today means standing up to American business as much as it does to government. Many CEOs think it’s okay to impose their values on the rest of us, dictating what we think, how we live and how we vote. It’s wrong when politicians do it, and it’s wrong when tech giants or anyone else does it. American companies should stick to business and stop preaching.
Capitalism means transforming education from top to bottom. It’s a national shame that so many students leave high school and college without the skills they need to be successful in life. We need to inject competition into education. It means more school choices, more pathways to college degrees, more college alternatives, and more workforce training for people of all ages. Every child deserves a world-class education that helps them progress, no matter where they were born and raised.