The Age of Global Capitalism
As I always say, Capitalism has done more to lift the global population out of poverty than any other economic system in history. It delivers the goods: "The last quarter century has witnessed remarkable progress of mankind. The world’s per capita inflation-adjusted income rose from $5400 in 1980 to $8500 in 2005.Schooling and life expectancy grew rapidly, while infant mortality and poverty fell just asfast. Compared to 1980, many more countries in the world are democratic today."
posted by Jim VAT @ 6:39 PM
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