Indeed, the percentage of the population living in starvation-level poverty around the world has fallen by more than four-fifths over the last fifty years.12 This amounts to some two billion people lifted from extreme poverty due to the global spread of free enterprise. No other economic system has a remotely similar track record. This is not a political statement; quite the contrary. As no less an avowed progressive than President Barack Obama put it in a 2015 public conversation we had together at Georgetown University, the “free market is the greatest producer of wealth in history—it has
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