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.
- 700 million humans have moved out of deep poverty in the 21st century. Thank capitalism
- If you think trade deals have ruined the American economy, reconsider
- 2 disturbing charts on world trade and economic openness
Reprinted with permission from AEIdeas.