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Prosperity Needs Explaining

by Zoot Rollo

October 7, 2015

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“It is not poverty, but prosperity, that needs explaining.

Poverty is automatic, but prosperity requires many things — none of which is equally distributed around the world or even within a given society. In 1900, only 3 percent of American homes had electric lights but more than 99 percent had them before the end of the century. Infant mortality rates were 165 per thousand in 1900 and 7 per thousand by 1997. By 2001, most Americans living below the official poverty line had central air conditioning, a motor vehicle, cable television with multiple TV sets, and other amenities.

A scholar specializing in the study of Latin America said that the official poverty level in the United States is the upper middle class in Mexico. The much criticized market economy of the United States has done far more for the poor than the ideology of the left.”

Thomas Sowell

prosperity-is-a-way-of-living-and-thinking-and-not-just-money-or-things-poverty-is-a-way-of-eric-butterworth-29088




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