Sorry, Social Justice Warriors, “Capitalism has its own built-in welfare transfer system”

Loved the ending of this where the narrator admits, “You might just be richer than you realize.”

It is amazing how people deride and sour on capitalism.  Seems like a case of people not understanding or appreciating value and only becoming envious at seeing others enjoying the value of all of the marvelous inventions and achievements on the market.  Think about how much time the washing machine has saved mothers or anyone for that matter since their invention.  It’s the miracle of saving time that makes capitalism so great.

When a new good comes out, we get in a line for it . . . with the wealthiest people bein’ at the front of the line.  They pay the highest price and get the worst version of the product.   —SMU Professor, Michael Cox 

(via Robert Wenzel)


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