The Socioeconomic System That Didn't Bark
David Boaz notes that the New York Times' Gina Kolata, in her new musings on the mysteries of why we are so ding-dang robust and healthy these days, misses an obvious answer: capitalism.
The introduction of the institutions of economic freedom in the Netherlands, Great Britain, the United States, and then the rest of the world beginning around 1700 caused what historian Steven Davies calls a "wealth explosion." A great part of the unprecedented wealth creation went into sanitation and more abundant food and later into the research necessary to produce vaccines and antibiotics. Those institutions include secure private property, the rule of law, open markets, and economic freedom generally….
Capitalism has made the West rich and thus healthier and longer-lived. It could do the same for Africa, Asia, and the Arab world.
Kolata overlooked this point. Her article never mentions capitalism, freedom, or even wealth as an answer to the trillion-dollar question. But it's still a great report on just how much better off we are.