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Before capitalism you had Cinderella stories. It's no miracle that inequality is as bad now as then.
by mempko 6y ago
Before capitalism you had Cinderella stories. It's no miracle that inequality is as bad now as then.
- dcolkitt 6y agoThe percent of the world's population living in absolute poverty has fallen from 94% in 1820 to less than 10% today.[1] That's the greatest miracle in human history. [1] https://twitter.com/BillGates/status/1086662632587907072 https://twitter.com/BillGates/status/1086662632587907072
- mempko 6y agoYeah, but we discovered oil. Humanity suddenly had unbounded energy to do what it needed to drive machines. Both capitalist and non capitalist systems brought over a billion people out of poverty. USA and Europe on one hand and USSR and China on the other. Behind it all is abundance of energy. It would be a mistake to attribute it to a system like capitalism which never really existed in anything close to a "pure" form anywhere ever.