Last week, I shared Part I of my discussion with John Stossel about “capitalism myths.” Here’s Part II.
In the first video, we discussed three myths about free enterprise.
- Myth #1 – Capitalists get rich by ‘taking’ money from others.
- Myth #2 – The rich getting richer, and the poor getting poorer.
- Myth #3 – Monopolies destroyed the free market.
Here are the final four myths.
Myth #4: Free markets create unsafe workplaces.
Proponents of government intervention often claim that greedy capitalists will skimp on safety in order to get more profits.
To support their argument, they cite data on how workplace deaths have declined since the Occupational Safety and Health Administration was created.
That data is accurate, bu what they fail to mention is that workplace deaths were falling at exactly the same rate before OSHA.
This is because wealthier societies, created by capitalism, have both the…
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