7 ms·
Imperialism is the final stage of capitalism. > but the extreme poverty has been shrinking Indonesian 12 y.o. who makes Nike sneakers for 1$ a day will probab
by open_bear 9y ago
Imperialism is the final stage of capitalism.
> but the extreme poverty has been shrinking
Indonesian 12 y.o. who makes Nike sneakers for 1$ a day will probably disagree. Humanity as a whole have made tremendous advancements in medicine, engineering and agriculture, technology as a whole have been advancing in giant leaps, yet benefits of those advancements are largely felt by 10-20 countries and 3-5% of the population. Even in the US some people cannot afford insulin and other types of basic healthcare. Workers's wages are stagnant for the past 50 years, while their productivity was steadily rising (https://www.theatlantic.com/business/archive/2015/02/why-the-gap-between-worker-pay-and-productivity-is-so-problematic/385931/ https://www.theatlantic.com/business/archive/2015/02/why-the...).
> And now we have the mechanisms for almost anybody to get out of it. I grew up very poor
Survivorship bias, "if I've made it, then anyone can".