Happy Market Monday!
Forbes magazine recently published “Unless It Changes, Capitalism Will Starve Humanity by 2050,” by Drew Hansen. A businessman and regular contributor to Forbes, Hansen starts out by claiming that capitalism has “failed to improve human well-being at scale.”
Over the last few decades, however, hundreds of millions of people were lifted out of extreme poverty. In fact, the share of the world’s population, as well as the total number of people living in poverty, is at an all-time low, despite a population increase of 143 percent since 1960. The left-leaning Brookings Institution predicts that absolute poverty will have been practically eliminated throughout the world by 2030. If this is not good news what is?
Chelsea German, Managing Editor of HumanProgress.org, on the @sfliberty Tumblr…
