"Capitalism in the 19th century did not doom the worker to a life of perpetual poverty. Instead, they kept creating new and better-paying employments as the decades went by. They produced the wealth and rising income that resulted in the emergence of a phenomenon completely new to human history: a self-supporting and educated middle class that grew more and more as they lower classes bettered their economic well-being."
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Political authors from the United StatesPeople from New York CityLibertarians from the United StatesEconomists from the United States
Original Language: English
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“Is the ‘Spectre of Communism’ Still Haunting the World?”, speech entitled “Evenings at FEE” in March 2006. Posted in Foundation for Economic Education (FEE), (December 19, 2008)
https://en.wikiquote.org/wiki/Richard_Ebeling
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Richard Ebeling
Richard M. Ebeling (born 30 January 1950) is an American libertarian author who was the president of the Foundation for Economic Education (FEE) from 2003 to 2008.
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