Has the spread of capitalism been a net positive or a net negative for women around the world? Is capitalism an inherently exploitative, oppressive, and patriarchal economic system entwined with the subjugation of women? Or has it helped to empower women, enhancing their material well‐being and fostering gender parity? Advocates of women’s welfare disagree on these important questions. As a result, they seek to advance very different economic policies despite a shared goal of promoting female empowerment.