Jyoti Mishra on Nostr: The "Free" Market Will Not Fix The World. Highlights • Data on real wages suggests ...
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
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