Wednesday, September 7, 2016

Worldwide Prosperity Explained in One Chart

It's hard to give any other explanation to this chart than "capitalism" or, if you prefer, "classic liberalism" --- the idea that if government protects property rights and otherwise leaves people to employ their own energies and ambitions, great wealth will result. The US, having more aggressively adopted this posture, obviously benefited the most.
deirdre

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