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Poverty dropped tremendously in the 20th century, perhaps that has to do with government spending? https://en.wikipedia.org/wiki/Welfare%27s_effect_on_poverty
by EGreg 2y ago
Poverty dropped tremendously in the 20th century, perhaps that has to do with government spending?
https://en.wikipedia.org/wiki/Welfare%27s_effect_on_poverty https://en.wikipedia.org/wiki/Welfare%27s_effect_on_poverty
There are diminishing returns, though
- peterfirefly 2y agoOr vastly increased productivity -- that also had increasingly less to do with land ownership? Life used to suck if you didn't own land (or were one of the lucky few who could work as a merchant, a craftsman, a priest, a government official, etc). Effectively all of Europe had too little land for all its recorded history.