The amount of people living in extreme poverty was 94% in 1820. In 1981, it was 44.3%. In 2015, 9.6%. This effect is entirely due to Capitalism. Perhaps wages in the West have stagnated because people in other countries deserve those better wages more? Just a hunch, no data to back that one up, except these statistics.
This incredible success in saving people from horrible conditions might not continue, but the recent history has been pretty great.
There are socialist laws that govern and assist the poor everywhere in the world, so I would attribute the claim that “fewer people living in poverty” to socialism rather than capitalism; aside from that, those figures entirely depend on how poverty is defined.
Development did, not Capitalism. The countries that developed the most in the 1900s were the ones rejecting Capitalism in favor of some form of Socialism.
Do you think that people get richer when a group of people decide they have no rights of ownership and one person owns everything, or do you acknowledge that democracy and decentralization are good?
The amount of people living in extreme poverty was 94% in 1820. In 1981, it was 44.3%. In 2015, 9.6%. This effect is entirely due to Capitalism. Perhaps wages in the West have stagnated because people in other countries deserve those better wages more? Just a hunch, no data to back that one up, except these statistics.
This incredible success in saving people from horrible conditions might not continue, but the recent history has been pretty great.
There are socialist laws that govern and assist the poor everywhere in the world, so I would attribute the claim that “fewer people living in poverty” to socialism rather than capitalism; aside from that, those figures entirely depend on how poverty is defined.
Development did, not Capitalism. The countries that developed the most in the 1900s were the ones rejecting Capitalism in favor of some form of Socialism.
Do you think that people get richer when a group of people decide they have no rights of ownership and one person owns everything, or do you acknowledge that democracy and decentralization are good?