I plead for greater liberty and a more open world, not because I believe one system happens to be more efficient than another, but because those things provide a setting that unleashes individual creativity as no other system can. They spur dynamism that has led to human, economic, scientific, and technological advances… At its core, belief in capitalism is belief in mankind… My aim is freedom and voluntary relations in all fields.
– Johan Norberg, In Defense of Global Capitalism
Mass Production Equals Mass Consumption
[R]elative shares in national income have remained substantially constant over the last hundred years. This, however, is true only if we measure them in money. Measured in real terms, relative shares have substantially changed in favor of the lower income groups. This...