Celebrating humanity's flourishing through the spread of capitalism and the rule of law
24 Oct 2015 Leave a comment
in development economics, economic history, growth miracles, Marxist economics Tags: Bill Easterly, Leftover Left, Naomi Klein, The Great Enrichment, The Great Escape, The Great Fact
.@worldbankdata allows us to see how our world has changed since 1985 #BackToTheFuture https://t.co/8t5DZDMFfz—
DFID Stats (@DFID_Stats) October 21, 2015
No matter how you measure it, the news on global poverty is great. From @EconBizFin http://t.co/qKM6suo4YO—
William Easterly (@bill_easterly) October 15, 2015
Special 5pm premiere screening in Los Angeles tonight Q&A with @avilewis & @NaomiAKlein sundancecinemas.com http://t.co/Oi4oeKoQHB—
Changes Everything (@thischanges) October 16, 2015
24 Oct 2015 Leave a comment
in development economics, discrimination, economic history, economics of education, gender, growth miracles, human capital, labour economics, labour supply, occupational choice Tags: asymmetric marriage premium, compensating differentials, gender wage gap, marital division of labour, South Korea
24 Oct 2015 Leave a comment
in development economics, economics of media and culture, growth disasters, growth miracles, personnel economics Tags: academic bias, anthropology, Noble Savage, technological diffusion, The Great Escape, The Great Fact
23 Oct 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, Marxist economics, poverty and inequality Tags: extreme poverty, global poverty, Leftover Left, life expectancies, The Great Escape, The Great Fact, Twitter left
When Zoe Williams was born in 1973, 60% of humanity lived in extreme poverty. That has dropped to 1 in 10.
When my father was born, 7 in 10 people lived in absolute poverty.
Today, it's 1 in 10! https://t.co/1Caqku3AY1—
Tim Fernholz (@TimFernholz) October 21, 2015
Just the other day, the World Bank estimated that extreme poverty has dropped below 10% of the world’s population for the first time in human history but some are still grumbling.
What will it take to finish the “Last Mile” in ending extreme #poverty? brook.gs/1LiFT8E http://t.co/YxSZ36VCSW—
Brookings (@BrookingsInst) October 07, 2015
Zoe Williams is not grumbling about the failed states and predatory government responsible for the last pockets of extreme poverty, but about the inequality from economic progress under capitalism.
The extreme poor live in conflict & rural areas: wrld.bg/Nynge #endpoverty http://t.co/43HDDI11JR—
World Bank (@WorldBank) May 31, 2015
Zoe Williams honestly believes that extreme poverty could have been reduced faster if we had taken on the socialist road.
These 4 nations are 50% of mankind. That's 3.5 billion people who are living longer. buff.ly/1Kle6mU #health http://t.co/949oqisMsL—
HumanProgress.org (@humanprogress) June 30, 2015
China and India escaped from extreme poverty by rejecting socialism.
Just released: new global poverty estimates from 1990-2015 using updated extreme poverty line http://t.co/LxD5q2n6Mg—
Laurence Chandy (@laurencechandy) October 04, 2015
China and India received next to no overseas development assistance in their Great Escape from extreme poverty.
Embrace the free market and overtake your socialist competitors. buff.ly/1PZ3yuN http://t.co/xfpF4vtqlv—
HumanProgress.org (@humanprogress) October 05, 2015
There’s been some clear-cut natural experiments such as between Chile and Venezuela and Japan, Hong Kong, Singapore and just about any other developing country in terms of capitalism as the only path to prosperity.
23 Oct 2015 Leave a comment
When my father was born, 7 in 10 people lived in absolute poverty.
Today, it's 1 in 10! https://t.co/1Caqku3AY1—
Tim Fernholz (@TimFernholz) October 21, 2015
Number living <$1.90/day in the 10 countries w/ largest extreme poor populations. using new @WorldBank #data @oxfam http://t.co/YQm8XSVpfK—
Nick Galasso (@vngalasso) October 19, 2015
The Global Middle Class Is Kind of Poor. Amazing graphic. buff.ly/1I5FDbz http://t.co/QB6maF7X2n—
Nick Galasso (@vngalasso) July 16, 2015
And people say I'm pessimistic! Is this the most important graph on the economic history of the world? HT @MaxCRoser http://t.co/pawcLOSadv—
Nick Galasso (@vngalasso) June 22, 2015
.@TheEconomist Great graph! Global #inequality to fall; what about within country #inequality? buff.ly/1c74E95 http://t.co/QTufMdR4om—
Nick Galasso (@vngalasso) May 21, 2015
Inequality has actually been falling in a lot of the world … but not in the U.S. washingtonpost.com/news/wonkblog/… https://t.co/VjnO8D6RQQ—
Matt O'Brien (@ObsoleteDogma) October 22, 2015
22 Oct 2015 Leave a comment
in development economics, economics of crime, growth disasters, growth miracles, law and economics Tags: Africa, bribery and corruption
What African Presidents Make (Officially) http://t.co/X3F0j5DYHG—
ian bremmer (@ianbremmer) July 23, 2015
21 Oct 2015 Leave a comment
in development economics, economic history, growth miracles Tags: Leftover Left, life expectancy, The Great Escape, The Great Fact, Twitter left
https://twitter.com/MaxCRoser/status/656144668468641793
In 1800 there was no country with a life expectancy over 40.
bit.ly/1C8oCsK http://t.co/Ow7gE4F1qL—
Max Roser (@MaxCRoser) October 19, 2015
From my project: bit.ly/1IfQSjg
Huge progress in education in #Africa between 1950 and 2010! https://t.co/oipFNpPTqy—
Max Roser (@MaxCRoser) October 20, 2015
When more infants survive the birth rate goes down.
From: ourworldindata.org/data/populatio… https://t.co/zIZ1jNc1w5—
Max Roser (@MaxCRoser) October 20, 2015
A Graph for Pope Francis: If You Want to Help the Poor, You Should Embrace Capitalism. Exhibit A: See Chart http://t.co/yG1ixKZxrJ—
Mark J. Perry (@Mark_J_Perry) September 21, 2015
20 Oct 2015 Leave a comment
in development economics, growth disasters, growth miracles Tags: creative destruction, international technology diffusion, technology diffusion
pace of diffusion of digital technologies in the developing world far exceeds growth in access to basic services http://t.co/Kig46T713M—
Laurence Chandy (@laurencechandy) May 20, 2015
20 Oct 2015 Leave a comment
in development economics, economic history, growth miracles, health economics
In the last 20 years in India, life expectancy at birth increased by 10 years. The same in China. There were increases in Chinese and Indian life expectancies across all age bands.
The difference between the two countries is the low base in India which was 58 years versus 70 years in China for life expectancy at birth. Obviously, recovering from the Permit Raj has been a bit of a struggle for socialist India. Either way, such a rapid increase in life expectancy in India and China suggests broad-based economic growth in the last 20 years.
If you look at China and India over the longer term and compare it with capitalism, again the socialist solution comes up short. The initial improvements in life expectancies in India and China in the mid-20th century were simply curing of endemic diseases and childhood illnesses. Hong Kong and Macau were miles ahead of China until China took the capitalist road.
Source: Cleo Infra.
In the 10 years from 2000, China close that gap in female life expectancies of birth through the blessings of capitalism but not as much freedom as we might have hoped. That said, if you stay out of politics in China, you can run a business, raise a family and travel and study abroad. China is now a tin-pot dictatorship rather than a totalitarian dictatorship. That’s a major improvement.
The differences in Hong Kong and Macau life expectancies is also a good measure of the advantages of being colonised by the British rather than the Portuguese.
20 Oct 2015 Leave a comment
in development economics, growth disasters, growth miracles, Marxist economics
20 Oct 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles
#inequality matters for achieving the end of #poverty. #EvenItUp @OxfamAmerica @dpaulobrien https://t.co/Ld9qhJhfcl—
Nick Galasso (@vngalasso) October 19, 2015
The Left over Left would grumble at the gates of heaven.
Source: Inequality in Asia and the Pacific | Asian Development Bank.
The fact that most of the Twitter Left would have to go through the eye of a needle would not dawn of them. They would be more interested in whether there was free Wi-Fi.
where do the extreme poor live? this @worldbank graphic wont tell you as it ignores new survey data 4 Nigeria & India http://t.co/APb0M0TuYK—
Laurence Chandy (@laurencechandy) April 14, 2014
The latest grumblings of the Twitter Left is after the World Bank announced that extreme poverty is to drop below 10% of the world’s population for the first time ever.
Rather than celebrate this tremendous achievement of capitalism and freedom, the Twitter Left grumbles about inequality.
A look at hunger reduction → performance + projections by region: brook.gs/1FWLLOS http://t.co/ELNzKn6BCQ—
Brookings Global (@BrookingsGlobal) June 16, 2015
A legitimate reason for the opposition to capitalism in Latin America is crony capitalism. This is opposed to the competitive capitalism that produces economic miracles. Becker defines crony capitalism as
…a system where companies with close connections to the government gain economic power not by competing better, but by using the government to get favoured and protected positions. These favours include monopolies over telecommunications, exclusive licenses to import different goods, and other sizeable economic advantages. Some cronyism is found in all countries, but Mexico and other Latin countries have often taken the influence of political connections to extremes.
Nearly all of Asia (where much of the world’s population lives) has undergone rapid and sustained economic and social progress because they became market economies, starting with the Asian Tigers and recently in previously socialist India and communist China.
Growth paths of #LatAm & the Caribbean the South East Tigers: wrld.bg/NCtLt #RiseoftheSouth http://t.co/IFuUOWldox—
World Bank Pubs (@WBPubs) May 31, 2015
Latin America adopted the inward economic policies of the mid-20th century that renegade liberals praise so much and they became development disasters.
How can we eradicate #poverty by 2030? @Winnie_Byanyima wef.ch/1QvSVPW #development http://t.co/reBsT24BU3—
World Economic Forum (@wef) September 24, 2015
The trend in past several decades in most countries has been toward more open economies with greater competition within industries. There is more reliance on private enterprise, and with a reduced role for government, government-run enterprises, and cronyism.
Hot off the press: @WorldBank publishes new global poverty estimates and forecasts. 1.01 billion < $1.25/day in 2011 http://t.co/cGfdEAdOMo—
Laurence Chandy (@laurencechandy) October 08, 2014
As the world embraced free market policies in the late 20th century, living standards rose sharply; life expectancy, education and democracy improved and absolute poverty declined.
Xavier Sala-I-Martin and Maxim Pinkovskiy (2010) found that between 1970 and 2006, extreme poverty fell by 86% in South Asia, 73% in Latin America, 39% in the Middle East and 20% in Africa.
The percentage of people living on less than $1 a day (in PPP-adjusted 2000 dollars) fell from 26.8% in 1970 to 5.4% in 2006.
#Africa represents the last hurdle to ending extreme #poverty ($1.25 per day) → brook.gs/1JS4EUH http://t.co/ihDFc6R3ly—
Brookings Global (@BrookingsGlobal) July 29, 2015
Xavier Sala-I-Martin also estimated eight indexes of income inequality. All of them show reductions in global inequality during the 1980s and 1990s.
19 Oct 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles Tags: child poverty, extreme poverty, global hunger, global poverty, The Great Escape
In 1962, people in 51 countries consumed <2000 calories per day. In 2011? One. buff.ly/1PmjIRK #WorldFoodDay http://t.co/zdJRWK1Mtj—
HumanProgress.org (@humanprogress) October 16, 2015
18 Oct 2015 Leave a comment
#Dailychart: In almost every country, mortality rates fell during the four decades to 2010 econ.st/XUYuSn http://t.co/kTg4oyQPRY—
The Economist (@ECONdailycharts) September 23, 2014
18 Oct 2015 Leave a comment
in development economics, economic history, entrepreneurship, growth disasters, growth miracles Tags: China, The Great Escape
18 Oct 2015 Leave a comment
in constitutional political economy, development economics, economics of bureaucracy, environmental economics, environmentalism, global warming, growth disasters, growth miracles, international economics, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking Tags: bootleggers and baptists, climate alarmism, expressive voting, free-riders, global warming, green tariffs, international public goods, Leftover Left, New Zealand Greens, Twitter left
It is time for the environmental movement to face up to the fact that there never will be an international treaty to restrain carbon emissions. The practical way to respond to global warming is healthier is wealthier, richer is safer. Faster economic growth creates more resources for resilience and adaptation to a changing environment.
NEW REPORT: The Futility and Farce of Global Climate Negotiations bit.ly/1LvFFv3 http://t.co/TwbFUwaPlm—
Manhattan Institute (@ManhattanInst) October 17, 2015
India's target compared to its recent history http://t.co/pIvwhoSTpL—
Richard Tol (@RichardTol) October 02, 2015
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Scholarly commentary on law, economics, and more
Beatrice Cherrier's blog
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A rural perspective with a blue tint by Ele Ludemann
DPF's Kiwiblog - Fomenting Happy Mischief since 2003
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
The world's most viewed site on global warming and climate change
Tim Harding's writings on rationality, informal logic and skepticism
A window into Doc Freiberger's library
Let's examine hard decisions!
Commentary on monetary policy in the spirit of R. G. Hawtrey
Thoughts on public policy and the media
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Politics and the economy
A blog (primarily) on Canadian and Commonwealth political history and institutions
Reading between the lines, and underneath the hype.
Economics, and such stuff as dreams are made on
"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
Undisciplined scholar, recovering academic
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
Articles and research from the History of Parliament Trust
Reflections on books and art
Posts on the History of Law, Crime, and Justice
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Exploring the Monarchs of Europe
Cutting edge science you can dice with
Small Steps Toward A Much Better World
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
The truth about the great wind power fraud - we're not here to debate the wind industry, we're here to destroy it.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Economics, public policy, monetary policy, financial regulation, with a New Zealand perspective
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Restraining Government in America and Around the World
Utopia, you are standing in it! 
Recent Comments