The world should aim to do the same again Those nations (China etc.) that have thrived in this era, and have lifted millions out of poverty, haven't done it by embracing free trade. People living on a dollar a day or less dramatically fell from 26.8 percent of the global population in … Elsewhere on reddit, someone claimed that capitalism has done more to improve the lives of the world's poor than any other system, and provided this article when asked for evidence.
I dissect some common soundbites conservatives consistently regurgitate, like that one about capitalism actively lifting billions of people out of poverty every day.
Nearly 1 billion people have been taken out of extreme poverty in 20 years.
Capitalism has lifted a billion people out of extreme poverty: a legitimate claim?
1. Here are five statistics showing how capitalism solves poverty.
China Likes To Say It 'Lifts' People Out Of Poverty — But Only In English News Stories : Goats and Soda China says it has lifted hundreds of millions out of poverty. The number of people living in extreme poverty worldwide declined by 80 percent from 1970 to 2006. They've done it by taking the free trade of other nations as a given and embracing mercantilism, the deliberate gaming of the system by way of protectionism and state capitalism. The world’s next great leap forward Towards the end of poverty.
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