A Swede Defends Capitalism
John Stossel says lots of people hate capitalism and would instead prefer socialism. Their reason: capitalism hurts the poor.
Not true, says Swedish historian and author Johan Norberg, who explains how capitalism actually saves lives and why socialism always fails. Norberg also dispels the myth that Sweden is a socialist success.
Though Sweden is more free market than America, Norberg says capitalism offers many more benefits and even makes people less lonely, more generous and less racist. More with Stossel and Norberg.
