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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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No, most of the world is capitalist, and most of the world is poor. Only a minority of imperialist capitalist countries, primarily in europe and the US, have wealthier populations due to hundreds of years of colonial exploitation.
In fact world poverty is increasing, if we exclude China and it's poverty eradication efforts.
Liar. The percentage of impoverished is nowhere near 50%, let alone a over it: https://socialincome.org/en/int/world-poverty-statistics-2024
Liar. This is an easily-debunked talking point, I'm surprised people are still parroting it. https://ourworldindata.org/data-insights/was-the-global-decline-of-extreme-poverty-only-due-to-china
The world was significantly poorer and wealth was much more concentrated before
That's just not true. In the US for example we know wealth was less concentrated in the late 1700's, early 1800's, and then again with the New Deal after the Great Depression. In fact the wealth gap in the US alone is higher now than it's ever been, including during the Gilded Era.
When was pre-capitalism to you?