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PragerU: Five-Minute Videos

Capitalism Wins

PragerU: Five-Minute Videos

PragerU

Non-profit, Self-improvement, Education, Business, History

4.76.8K Ratings

🗓️ 8 February 2021

⏱️ 6 minutes

🧾️ Download transcript

Summary

More and more, it seems people find it difficult to defend capitalism—even those who benefit from it most. But former US Ambassador to the United Nations Nikki Haley takes a refreshingly different view: she thinks we should double down on it. Here’s why.

Transcript

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0:00.0

There are many in the West, including many who should know better, who find it difficult,

0:05.2

unpopular, or just plain embarrassing to defend capitalism.

0:09.8

I take the opposite view.

0:11.8

We should double down on it.

0:13.8

For a very simple reason, it remains not just the best, but the only chance for the least

0:19.6

fortunate in the world to make life better for themselves and their children.

0:24.3

And the more we see of capitalism's rival, socialism, the more proof we have that capitalism

0:29.9

is the way we want to go.

0:32.5

I've seen this over and over again, from own childhood to my time as governor of South

0:37.0

Carolina to most recently and most dramatically, during my tenure as US ambassador to the United

0:43.1

Nations.

0:44.5

I grew up in South Carolina as the daughter of Indian immigrants.

0:48.3

My mom started a small shop selling clothes and gifts that grew into a successful business.

0:54.3

She showed my brothers, my sister, and me would admit to live the American dream.

0:59.6

As my mother's story so vividly illustrates, America is a country where people can find

1:05.0

jobs that match their talents and passions.

1:08.7

Some Americans take this for granted.

1:11.0

The rest of the world, and visit.

1:13.8

As governor of South Carolina, I marveled at capitalism's power to improve lives.

1:19.4

Our pro free market policies helped bring in more than 20 billion in investment and created

1:24.9

jobs in every county of the state.

1:28.4

Those jobs provide dignity and purpose, and as I often say, when you give a person a job,

...

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