03 March 2013 |
Republicans and Their Faulty Moral Arithmetic |
Mass media - Articles XSM |
The Wall Street Journal
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In the waning days of the 1992 presidential campaign, President George H.W. Bush trailed Bill Clinton in the polls. The conventional wisdom was that Mr. Bush seemed too aloof from voters struggling economically. At a rally in New Hampshire, the exhausted president started what was probably the fourth campaign speech of the day by reading aloud what may have been handed to him as a stage direction: "Message: I care." [...] Meanwhile, the record of free enterprise in improving the lives of the poor both here and abroad is spectacular. According to Columbia University economist Xavier Sala-i-Martin, the percentage of people in the world living on a dollar a day or less—a traditional poverty measure—has fallen by 80% since 1970. This is the greatest antipoverty achievement in world history. That achievement is not the result of philanthropy or foreign aid. It occurred because billions of souls have been able to pull themselves out of poverty thanks to global free trade, property rights, the rule of law and entrepreneurship [...] Link to the article
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