Authored By New Guard Staff
August 06, 2019
Why did the United States become the most economically prosperous nation in the world?
Answer: capitalism and free enterprise.
It was American entrepreneurs who were responsible for the successes of the railroad, the light bulb, the typewriter, the automobile, and the telephone. These inventions lit the world on fire and produced economic prosperity across the globe.
That’s not to say socialism wasn’t tried. The federal government attempted to run the telegraph industry, and, predictably, it failed abysmally. After the private sector took over the telegraph industry, it became successful and profitable.
America rejected socialism and the failures it produced. Instead, America embraced capitalism, and it has led us to prosperity!