Common Objections to Capitalism - Art Carden - Mises Daily

Common Objections to Capitalism - Art Carden - Mises Daily: "infant mortality and maternal mortality are miniscule fractions of what they used to be, and life expectancy has increased radically. It was 24 at the height of the Roman Empire, 30 in Britain at the end of the 15th century, 45 in the United States at the beginning of the 20th century, and it is pushing 80 today."

"capitalist progress does not consist of more silk stockings for the queen of England but of reasonable substitutes for them for poor workers in exchange for progressively less labor. Further, he argued that the key beneficiaries of changes in material standards of living would be the poor at the expense of the rich. Cheap electric lighting was an absolute boon for the very poor, while the very rich could have paid flunkies (or forced slaves, in some cases) to stand around holding torches."