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"Despite strong economic performance, a majority of respondents in every developed market do not believe they will be better off in five years' time." "Fifty-s
by halbritt 7y ago
"Despite strong economic performance, a majority of respondents in every developed market do not believe they will be better off in five years' time."
"Fifty-six per cent of the surveyed global population said capitalism in its current form does more harm than good in the world."
Developed markets represent a tiny portion of the "global population".
By and large globalism has caused significant income inequality in developed markets and declining social mobility. This seems problematic until one discovers that in the same 40 years billions of people have been raised out of extreme poverty by globalism and have access to education and health resources that didn't previously.
Source is the book Factfulness or the site: https://www.gapminder.org https://www.gapminder.org
This article is woefully misleading.
- allovernow 7y ago>This seems problematic until one discovers that in the same 40 years billions of people have been raised out of extreme poverty by globalism and have access to education and health resources that didn't previously I really think wealth inequality is a terrible metric for overall social wellbeing because it does not consider that the baseline has risen. It just comes off as a greedy attitude to be salivating over your neighbor's plate simply because it is larger, even though yours is quite full.
- halbritt 7y ago> I really think wealth inequality is a terrible metric for overall social wellbeing because it does not consider that the baseline has risen. It just comes off as a greedy attitude to be salivating over your neighbor's plate simply because it is larger, even though yours is quite full. Rationally, I'd say that you were correct, but that does nothing to address the feelings of the folks missing the "American Dream".