Free Markets

 In a now-famous essay, “How Capitalism Changes Conscience,” the brilliant New York University psychologist and author Jonathan Haidt wrote about just how great we have it in the West, and that was mainly due to the transformation caused by the ascent of free markets.

“Billions of people are rising out of poverty as globalization connects them to international markets and makes it possible for them to engage in work that creates far more economic value than small-scale farming ever could. In a few decades, billions of people will be as wealthy as Americans are today,” writes Haidt.