Free markets and capitalism have been getting a bad rap for decades, providing disingenuous justification for all sorts of meddling by governments and central banks. The truth of the matter is that modern society has never really given free markets a chance. In fact, in the rare instances when markets are allowed to operate freely, they are a democratizing force.
A case in point is the saga of Ashok Khade of India. Born into India’s Dalit, or “untouchable,” caste, Khade’s boyhood is described in a recent New York Times article: