Capitalism has been raising the worldwide standard of living for years. But governments around the world have responded to the COVID-19 public health crisis with very strict rules. Now a lot of progress toward wealth and freedom have been lost. Still, billions of people are better off now than they were a decade or a century ago.
Capitalism: A Primer
Capitalism’s Rival: Socialism
The End of Capitalism?
In response to coronavirus, the government implemented sweeping powers that undermined the free-market economy and liberty as politicians shut down businesses, placed millions under house arrest, and printed more money to make sure the economy kept going. Basically, what we got from the state after COVID-19 is a taste of what we could expect under a fully socialist or even communist nation.