The "Free" Market Will Not Fix The World.

Highlights

• Data on real wages suggests that, historically, extreme poverty was uncommon and arose primarily during periods of severe social and economic dislocation, particularly under colonialism.

• Where progress has occurred, significant improvements in human welfare began only around the 20th century. These gains coincide with the rise of anti-colonial and socialist political movements.

#Socialism #Communism

https://www.sciencedirect.com/science/article/pii/S0305750X22002169

Study Debunks Capitalism as Solution to Global Poverty

A study by Dylan Sullivan and Jason Hickel challenges the commonly held belief that capitalism is necessary for improving human well-being.

“claims that capitalism delivered a steady and dramatic e reduction in global poverty over time are not supported by the data”

(Picture is small, skinny child holding up an Apple logo as if to eat it.)