4 ms·
Plus globalisation. What else should it be?
by andi999 5y ago
Plus globalisation. What else should it be?
- umvi 5y agoI agree that we largely have capitalism + globalization to thank for across the board wealth increase (or where wealth hasn't increased, the price of commodities has decreased) over the last century. However, state-run welfare programs, social safety nets, automation, etc. also play some role.
- nickpp 5y agoRedistributive programs need something to redistribute in the first place, so the merit still belongs to the value creator - capitalism.
- jacobr1 5y ago+ Technology
- hkt 5y agoWell, China has eradicated extreme poverty by means of communism. So that appears to be an option too. I'd be interested to see a relatively detached, objective analysis on the speed and extent to which poverty is alleviated by different social policies. There's some clear variation there that deserves analysis. Edit: misread the post I replied to, "could" as "should".
- nickpp 5y agoChina tried communism for years without much progress. Only when they allowed (controlled) capitalism they started enjoying the current results.