The "Free" Market Will Not Fix The World. 

Highlights

• Data on real wages suggests that, historically, extreme poverty was uncommon and arose primarily during periods of severe social and economic dislocation, particularly under colonialism.

• Where progress has occurred, significant improvements in human welfare began only around the 20th century. These gains coincide with the rise of anti-colonial and socialist political movements.

#Socialism #Communism 

https://www.sciencedirect.com/science/article/pii/S0305750X22002169

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