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Capitalism has fueled global economic growth from "summary" of Sapiens by Yuval N. Harari,David Vandermeulen
In the grand sweep of history, no economic system has matched the power of capitalism in driving global economic growth. Capitalism is a system based on private ownership of the means of production, where individuals are free to pursue their own economic interests. This freedom has unleashed a wave of innovation and productivity that has transformed societies around the world. One of the key drivers of capitalism's success is its ability to harness the power of competition. In a capitalist system, businesses must compete with one another to attract customers and generate profits. This competition spurs companies to innovate, improve efficiency, and lower prices, benefiting consumers and driving economic growth. Capitalism also encourages investment and entrepreneurship. In a capitalist system, individuals are free ...
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