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Dear Friend,
Greed. Inequality. Environmental harm. These are the charges often leveled against capitalism.
But what do the facts actually say?
For more than two centuries, capitalism has raised living standards, increased life expectancy, and expanded personal freedom on a global scale. It has powered innovation and lifted billions out of poverty. Yet those achievements are often overshadowed by persistent myths that tell a very different story.
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With its eminent scholars and world-renowned Library and Archives, the Hoover Institution is a non-partisan, data-driven policy research organization that seeks to improve the human condition by advancing ideas that promote economic prosperity, national security, and democratic governance. Over more than one hundred years, Hoover’s work has directly led to policies that have produced greater freedom, democracy, and opportunity in the United States and around the world.
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