Despite the gloom life is looking up!

Grunk

Yellow Belt
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Interesting read with some pretty cool facts (unusual for this place I know) but i like how it actually details some pretty cool stories that are positive - a few i have inserted below.

1. Two centuries ago, 94 per cent of people lived on $2 a day (in today's dollar value); today, only 10 per cent do. In the early 1980s, nine in 10 Chinese lived in extreme poverty; today, after more than three decades of market reforms, just one in 10 do. And since Soviet communism collapsed in 1989-91, extreme poverty across the globe has decreased from 37 per cent to less than 10 per cent.
2. Islamists are on the back foot. But even when they controlled the so-called caliphate in eastern Syria and north-west Iraq, you were more likely to drown in a bath than die in terrorist violence.
3. Or take the climate. President Trump was widely slammed for pulling America out of the Paris accords this year. And yet US emissions are coming down faster than much of Europe. Why? Not because of any carbon taxes or regulations, but primarily because of the shale gas revolution known as fracking.
4. Nowhere is the prosperity more evident than in Australia. In 2017, Australia entered its 27th year of uninterrupted economic growth. Why? The same explanation for the untold prosperity for much of the world: capitalism.

http://www.theage.com.au/comment/gloom-doom-and-optimism-20171221-h08ota.html
 
I would think $2/day would go pretty far in 1817.
 
The same explanation for the untold prosperity for much of the world: capitalism.

Wait... I thought progressive taxation was "socialism"??!!

Name the wealthiest "capitalist" nation in the world that doesn't have a "socialist" system of progressive taxation and redistribution.
 
Interesting read with some pretty cool facts (unusual for this place I know) but i like how it actually details some pretty cool stories that are positive - a few i have inserted below.

1. Two centuries ago, 94 per cent of people lived on $2 a day (in today's dollar value); today, only 10 per cent do. In the early 1980s, nine in 10 Chinese lived in extreme poverty; today, after more than three decades of market reforms, just one in 10 do. And since Soviet communism collapsed in 1989-91, extreme poverty across the globe has decreased from 37 per cent to less than 10 per cent.
2. Islamists are on the back foot. But even when they controlled the so-called caliphate in eastern Syria and north-west Iraq, you were more likely to drown in a bath than die in terrorist violence.
3. Or take the climate. President Trump was widely slammed for pulling America out of the Paris accords this year. And yet US emissions are coming down faster than much of Europe. Why? Not because of any carbon taxes or regulations, but primarily because of the shale gas revolution known as fracking.
4. Nowhere is the prosperity more evident than in Australia. In 2017, Australia entered its 27th year of uninterrupted economic growth. Why? The same explanation for the untold prosperity for much of the world: capitalism.

http://www.theage.com.au/comment/gloom-doom-and-optimism-20171221-h08ota.html

Umm, I would say science has had more to do with wealth generation than capitalism in the last 200 years.

Calculus has done more for mankind, then any bank.
 
People do know in Australia they have universal healthcare and high minimum wage. They also invest in their society and the people.

That isn’t capitalism at all. Pure Capitalism would tell those programs to go scratch. They have figured out a balanced approach to democratic socialism with a lean towards capitalism.
 
But calculus wouldn't even exist if wealthy capitalists hadn't been willing to take a bold risk and invest in its research and development.

True, and without owning the rights in perpetuity to all benefits of calculus, why would anyone ever pursue knowledge.


 
People do know in Australia they have universal healthcare and high minimum wage. They also invest in their society and the people.

That isn’t capitalism at all. Pure Capitalism would tell those programs to go scratch. They have figured out a balanced approach to democratic socialism with a lean towards capitalism.
Fuck off were not commies
 
Too many humans destroying this planet. Fish, birds, mammals are disappearing.

Chinese greed still has Africans poaching for Chinese superstitious bullshit.
 
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Looking up
 
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