All Commentary
Monday, October 10, 2016

The “Evil” of Capitalism, in One Chart

That 5bn people have a phone & 2.5bn already have a smartphone is a huge achievement of, mostly, free markets and permissionless innovation.


A great chart tweeted by technology analyst Benedict Evans of Andreessen Horowitz:

To which Evans adds: “That 5bn people have a phone & 2.5bn already have a smartphone is a huge achievement of, mostly, free markets and permissionless innovation. … It’s been clear for a decade that access to communications transforms prospects for the poorest. A phone *does* put food in your belly.”

And if that chart doesn’t do it for you, maybe this one will:

Thanks trade and investment. Thanks capitalism.

Learn more:

Reprinted with permission from AEIdeas.


  • James Pethokoukis is a columnist and blogger at the American Enterprise Institute. Previously, he was the Washington columnist for Reuters Breakingviews, the opinion and commentary wing of Thomson Reuters.