they can also do vast inequality, hollowed out democracies, a stagnating middle class and ecological disaster. So, not all good.
Here's a thing that free markets can do.https://twitter.com/humanprogress/status/845122509708046336 …
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Poverty is reduced by laws that limit f/mark. Since 70s ineq. -how humans perceive poverty- increased. https://www.theguardian.com/news/datablog/2011/dec/05/oecd-ineqaulity-report-uk-us …
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If this is global data, then it must include effects delivered by socialist systems of governance as well.
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Subsaharan Africa not so lucky: extractive capitalism? http://blogs.wsj.com/chinarealtime/2013/04/18/heres-how-much-poverty-has-declined-in-china/ …
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Many who participate in the fashionable denigration of free markets would do well to reflect on the notion of Pareto optimality.
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free markets would likely do better.
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