Some of the Left over Left have simply not been paying attention.
As China grew freer economically, its poverty rate fell. buff.ly/1KohOxS http://t.co/OpaxOzNdNs—
HumanProgress.org (@humanprogress) June 29, 2015In #India poverty is falling very, very rapidly – while inequality is rising.
More at: bit.ly/1KLT8Lh http://t.co/xTxlW1i06o—
Max Roser (@MaxCRoser) June 29, 20151 billion ppl lived in extreme poverty 2 centuries ago – 1 billion ppl live in extreme poverty today. #dataviz http://t.co/xBMzrJB1N1—
Randy Olson (@randal_olson) August 01, 2015“The only people much better off than $3 [a day]…"—@DeirdreMcClosk. See how far we've come: buff.ly/1Bbh5N6 http://t.co/H1W0VGbI8D—
HumanProgress.org (@humanprogress) June 12, 2015Explore the changing gap between male & female life expectancy over time ow.ly/RXWfC http://t.co/OjZuSlcmOI—
(@ONS) September 09, 2015Comparing different income growth series 1900-2010 bit.ly/195NbKb http://t.co/9Uazhmayd4—
Catherine Mulbrandon (@VisualEcon) August 18, 2014
Yesterday on Radio New Zealand Kim Hill interviewed Paul Mason – Channel 4 economics correspondent – about his new book entitled PostCapitalism: A Guide to Our Future. The book gives a very radical and innovative view of history, and offers a vision of a post capitalist society.
Mason believes that after two centuries in which capitalism has dominated the western world, this economic system has become desperately dysfunctional: inequality is growing, climate change is accelerating and nations are beset with bad demographics, debt burdens and angry voters. He makes three assertions according to Gillian Tett of the Financial Times:
- “information technology has reduced the need for work” — or, more accurately, for all humans to be workers.For automation is now replacing jobs at a startling speed
- “information goods are corroding the market’s ability to form prices correctly”. For the key point about cyber-information is that it can be replicated endlessly…
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