From the Heritage Foundation, I'm Michelle Cordero, and this is Heritage Explains.

Every day, it seems we're seeing a new poll that indicates millennials would rather live under socialism than capitalism, which they equate with greed.

Canadian psychologist Jordan Peterson recently spoke at a Heritage Foundation event

and said that he believes this is because they aren't aware of the miraculous advances

the world has made under free enterprise.

The knowledge of how rapidly we're making economic improvements around the world, in the developing world, for example, how fast that's happening.

That is not well-distributed knowledge, you know, that between the year 2000 and the year 2012, the rate of absolute poverty

in the world fell by 50%. Now, it's a UN figure, $1.90 a day, that was their cutoff for

absolute poverty. And so the cynics have said, well, you know, that's a pretty low barrier.

It's not such an achievement to have attained that.

But I can tell you it's an achievement to obtain that if you were living on less than a dollar or 90 a day to begin with.

But if you look at, if you double the amount to 380 or you double it again to 760,

you find the same pattern.

I mean, the poor in the world are getting rich at a rate that is absolutely unparalleled

in all of human history.

Peterson is right.

And Heritage's 2019 Index of Economic Freedom reported that the greatest advances came from

African and Asian countries that limited rather

than expanded the role of government. More than 100 countries, many of them less developed

or emerging economies, showed advances in economic growth and individual prosperity. But it's unlikely

we'll hear this kind of news in the mainstream

media. Peterson says that's because of the technological revolution. And in order to attract

...