Jonah Goldberg : Capitalismo

Magistral como siempre, JG.

On the last day of 2009, that awful year, I was listening to a report on National Public Radio (yes, I’m a listener). Reporter Tamara Keith presented a by-now-familiar recap of the worst financial and corporate scandals of the decade, from Enron and Martha Stewart to Tyco and Bernie Madoff. It was a depressing slog of greed, venality, and theft. When the report was over, Morning Edition host Steve Inskeep summarized the report with a tart: “The decade in capitalism.”

I don’t want to single out Inskeep, since he was doing what pretty much the entire media establishment has done, particularly of late: reducing “capitalism” to its alleged sins.

And that’s the point. There are few areas of life where a thing responsible for so much good gets so little credit for it.

Imagine if I were to collect the most infamous deeds of African Americans over the last decade — say, Michael Vick’s dog-fighting scandal and O. J. Simpson’s most recent criminal exploit — and then put a bow on it with the phrase “the decade in black America.” What if I did the same thing with Jews? Bernie Madoff, the face of Jewish America! Do the scandals of Rod Blagojevich, Charlie Rangel, and John Edwards define the Democratic party from 2000 to 2010? Do Abu Ghraib and the balloon boy sum up America?

[...] Capitalism doesn’t just create generous wealthy people, but generous poor people, too. Americans give twice as much to charity as the most generous European nations, and the most generous Americans are, in fact, poor Americans.

But forget philanthropy. Since 2000, hundreds of millions of people in China and India — home to a plurality of the world’s poor — have lifted themselves out of poverty and illiteracy thanks to capitalism.

China started to embrace markets as a last resort in the late 1970s. And by last resort, I mean last resort. First they tried murdering tens of millions of their own people through collectivism and oppression. When that didn’t work, they embraced markets, and the poverty rate dropped from 64 percent to around 8 percent today.

As it always does, capitalism drove innovation over the last decade. The BlackBerry was introduced in 1999, but the iPhone didn’t exist in 2000, nor did the iPod. YouTube was a fantasy, and no one could even imagine why you’d ever need something like Facebook or Twitter (in fairness, some people still ask that question). iTunes was launched in 2003, and five years later it was outselling Wal-Mart as the No. 1 music retailer. Government-funded basic research in medical science deserves some credit for breakthroughs, but it’s worth remembering that lots of countries invest in basic research. America, with its markets, stands alone as the leading, arguably sole, source of medical innovation. Breakthrough drugs are as American as apple pie. [...]

Id y leed que yo espero acá.