When Thomas Robert Malthus published his Essay on Population in 1798, explaining that population always tends to grow faster than the resources available to support that population, condemning most people to a level of income barely sufficient to survive, he was describing the history of humankind up to that point.
The history of humankind goes back hundreds of thousands of years. Only in the past few hundred has economic progress raised most people out of poverty. What has been responsible for this remarkable increase in the global standard of living? Capitalism!
Since its beginning, capitalism has had its critics. In a new book, Rainer
