Torco wrote: ↑Fri Nov 01, 2024 9:04 pm
then again, i guess it would make sense to speak of countries being capitalist vs capitalized or something. point is norway is norway cause nigeria is nigeria,
Damn Norwegian Empire, why doesn't it free its Nigerian colonies???
so it's not like the old capitalism -which was in many ways just objectively better, i grant that totally- maximizes in general the fulfillment of basic needs like housing healthcare blabla, it just used to do so for a bigger minority than it does now.
Um, no it didn't. It feels like it did, but the facts are pretty much the opposite.
E.g., homeownership rate in the US-- 1940: 43.6%. 1960: 61.9%. 2024: 65.60%.
Percentage without health insurance in the US-- 1940: 80%. 1960: 30%. 2024: 8%.
Oh, but we can't just look at the US, we need to look at poor countries. OK, per capita GNP, inflation adjusted, from the World Bank:
India-- 1960, $83. 2023: $2,485.
China-- 1960, $90. 2023: $12,615.
Nigeria-- 1960, $93. 2023: $1,621.
Peru-- 1960, $827. 2023: $7,790.
Or, "extreme poverty", i.e. "$2.15 poverty threshold in 2017 PPP"-- the global rate in 1950: 58.5%. In 2020: 8.1%.
The world is fucked up in many many ways, but a bad mood is not data.