https://www.wsj.com/articles/this-is-no-time-to-go-wobbly-on-capitalism-11582739248?mod=opinion_lead_pos6
Ms. Haley served as governor of South Carolina, 2011-17, and U.S. ambassador to the United Nations, 2017-18. This op-ed is adapted from a speech she delivered Wednesday to the Hudson Institute.
There’s an important debate happening in America right now, a competition among three distinct views of the world. The first view is held by those who think capitalism is the best and fairest economic system the world has ever seen. The second is held by those who think socialism is the answer to a host of problems from climate change to inequality. Then there are those who are pushing a watered-down or hyphenated capitalism, which is the slow path to socialism.
Mark me down as a capitalist. I grew up in South Carolina as the daughter of Indian immigrants. My mom started a small business selling clothes and gifts. She worked hard and showed my brothers, my sister and me what it meant to live the American dream. The U.S. is a country where people can find jobs that match their talents and passions. America has lifted up more people and unleashed more prosperity than any other country in human history.
In 1800, you were lucky if you lived to be 40. A third of children didn’t live past 5. Since then, the U.S. has become an industrialized nation. Average real income per person has soared by 4,000% since 1800. Medical breakthroughs mean Americans live much longer. In 1820, 94% of the world lived in extreme poverty, earning less than $1.90 a day, adjusted for purchasing power. Today that figure is closer to 10%. Because of capitalism, the world is cleaner, healthier and wealthier than ever.