this post was submitted on 13 Nov 2023
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It's extremely sad how purposefully western education has failed so many people on this front. You are 100% correct.
It really shouldn't be that complex. Adam Smith, considered the Father of Capitalism, published The Wealth of Nations in 1776. So even if you argue that someone in power got a copy an implemented immediately; blaming Capitalism for things that happened before them is as backwards as blaming failures in Collectivism that happened before 1867 (Publishing of Das Kapital by Marx).
I agree with you though, we definitely need better economic education in the US and likely the rest of the West too.
Definitely in the US. I find interactions with people outside the United States tend to go a little better and they have a better understanding. But sometimes still lack in many areas. In the US, however, we tend to be pretty consistently misinformed.