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I agree that we largely have capitalism + globalization to thank for across the board wealth increase (or where wealth hasn't increased, the price of commoditie
by umvi 5y ago
I 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.