Comment by kelseyfrog
17 hours ago
Debatable. Capitalism has a kill count of 100 million and shows no signs of slowing down. Death counts linked to capitalism and neoliberalism are cumulative, indirect, and often undercounted because they manifest as "normal" outcomes of policy: poverty, malnutrition, or ecological collapse. Capitalism and neoliberalism externalize death ie: they make it appear as an individual or national failure, not a systemic one.
Source? Liberalization since the 1970s (so called "neoliberalism") has lifted more people out of poverty than any economic system in human history. ~60% of all humans lived in extreme poverty in 1970, and less than 10% do today. This period coincided with the expansion of free trade, deregulation of markets, modernization of monetary policy, and, perhaps most notably, the downfall of communism. I'd say capitalism is a net positive compared to what we had before, and especially compared to the alternative
Most of the recent improvements have come from china