Re:David Graeber has died
by jessaustin on Thursday September 03, 2020 @05:42PM
(#24369206)
I also enjoy cherry-picking. Here's a different time period to consider:
A couple hundred years isn’t exactly cherry-picking wrt capitalism...
Re:David Graeber has died
by FranzFerdiNaN on Thursday September 03, 2020 @06:24PM
(#24369576)
That happened not because of capitalism but in spite of it. It happened because of technological development and rampant and ruthless exploitation of mostly foreign lands and people, and by stealing from future generations. It’s a terrible system that is constantly failing most people.
Re:David Graeber has died
by AnimalMuppet on Thursday September 03, 2020 @06:53PM
(#24369768)
Sure, not because of capitalism but it spite of it. It's just that, in places that didn't have capitalist economies, it didn't happen. Not to the same degree (with the possible exception of China, and even they are looking capitalist in practice).
Deirdre McCloskey refers to it as the Great Enrichment:
> The rise in the liberal nations has been a stunning 3,000 percent at the least—or if one allows properly for improvements in quality, such as better medicine and better housing (and for that matter, better economics), more like 10,000 percent. A factor of 100. Goodness.
https://www.mercatus.org/bridge/commentary/great-enrichment