5-Minute Videos

If You Hate Poverty, You Should Love Capitalism

Economics · Capitalism · Free Trade · Captions

About This Video

Did you know that since 1970, the percentage of humanity living in extreme poverty has fallen 80 percent? How did that happen? Arthur Brooks, president of the American Enterprise Institute, explains.

Standards Met in Ohio

  • 5.E.15Grades 5thThe availability of productive resources (i.e., entrepreneurship, human resources, capital goods and natural resources) promotes specialization that could lead to trade.
  • EFL.9-12.22.cGrades 9th, 10th, 11th, 12thIdentify meaning of law.
  • SS.5.15Grades 5thThe availability of productive resources (e.g., entrepreneurship, human resources, capital goods and natural resources) promotes specialization that could lead to trade.