Sunday, October 09, 2016

The evil of capitalism, in one chart

The evil of capitalism, in one chart - AEI | Pethokoukis Blog » AEIdeas
"A great chart tweeted by technology analyst Benedict Evans of Andreessen Horowitz:
image11003
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:
image21003

Thanks trade and investment. Thanks capitalism.

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