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The myth of black capitalism
(lemmy.ml)
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this post was submitted on 10 Oct 2024
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Capitalism can't help anyone out of poverty at least not without exploiting masses.
In 1800, 80% of the world lived in extreme poverty. Now it's under 10%.
Fact is, the vast majority of the so-called "exploit[ed]masses" rose out of poverty over the same period of time that capitalism established itself as the primary economic system the world over.
So who were they all exploiting, to get out of poverty? Each other?
Funnily enough, it was the USSR and PRC that had the largest impact on poverty elimination in the 20th century.
Just exploit the whites? Big brain