Forget 2020: The World Is Getting Better, but We Remain Pessimistic
It is safe to say that 2020 has not panned out in a way that most of us had hoped or expected. The COVID-19 pandemic has wreaked havoc upon the global economy and taken the lives of hundreds of thousands of people around the world. From Washington, DC to London, young people have taken to the streets to protest a plethora of wrongs—some real and some imagined. Despite all of this, there is plenty of evidence that the state of the world in general and of humanity in particular are for the most part getting better.
The Free Market Institute hosted Marian L. Tupy to present a public lecture on September 9 based on research that explains why the world is getting better, but the majority of people remain pessimistic. More information about this research can be found at HumanProgress.org, or in Dr. Tupy's recently co-authored book, Ten Global Trends Every Smart Person Should Know: And Many Others You Will Find Interesting.
We love to hate the 800-pound gorilla. Walmart and Amazon destroy communities and small businesses. Facebook turns us into addicts while putting our personal data at risk. From skeptical politicians like Bernie Sanders who, at a 2016 presidential campaign rally said, "If a bank is too big to fail, it is too big to exist," to millennials, only 42 percent of whom support capitalism, belief in big business is at an all-time low. But are big companies inherently evil? If business is so bad, why does it remain so integral to the basic functioning of America? Economist and bestselling author Tyler Cowen says our biggest problem is that we don't love business enough.
The Free Market Institute (FMI) hosted Tyler Cowen as part of the spring 2020 FMI Public Speaker Series program on February 20. Prof. Cowen delivered keynote remarks based on his book, "Big Business: A Love Letter to an American Anti-Hero."