Why does capitalism encourage economic growth?

Capitalism does not encourage anything. Capitalism allows people to engage in trade and pursue their own interest (no, it is not the same as greed). That results in innovation and economic growth. read more

Capitalism’s superiority for economic growth and development deserves the unqualified support of everyone who believe that wealth is better than poverty, life is better than death, and liberty is better than oppression. read more

Capitalism has been good for economic growth. This does not mean governments should privatize natural monopolies such as public utilities, as they have done. The current paradigm of mainstream economics is unscientific and has led to many bad policies based on false theories. read more