Virtually all enlightened countries have adopted such pro-capitalist stances as free trade, efforts to restrain taxes, rule of law and government budget accountability. But an anti-capitalist tide has arisen, championed by thousands of organisations worldwide and funded by governments, businesses and foundations. These so-called nongovernmental organisations (NGOs) now number about 40,000.
Critics point to these institutions as sources of support for radical groups:
The NGOs preach that capitalism does little for the poor.
But researchers David Dollar and Aart Kraay of the World Bank have documented that growth generated by free markets helps the poor as well as the non-poor.
Source: Steve H. Hanke (Johns Hopkins University), Kowtowing to Capitalism’s Enemies, Forbes, August 6, 2001.
For more on Economic Freedom & Growth http://www.ncpa.org/pi/internat/intdex3.html
FMF\14 August 2001
