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from HumanProgress.org Education Website
No, Markets Will Not "Starve Humanity" by 2050
Forbes magazine recently published an article titled, “Unless It Changes, Capitalism Will Starve Humanity by 2050.” The author, Drew Hansen, a businessman and regular contributor to Forbes, starts out by claiming that capitalism has “failed to improve human well-being at scale.” This assertion is easily refuted by evidence. Over the last few decades, hundreds of millions of people were lifted out of extreme poverty. In fact, the share of the world’s population as well as the total number of people living in poverty is at an all-time low, despite a population increase of 143 percent since 1960. The left-leaning Brookings Institution predicts that absolute poverty will have been practically eliminated throughout the world by 2030. If this is not good news for global capitalism, what is? Capitalism, Hansen continues, is also responsible for widespread destruction of animal species, decimation of forests, and a growing risk of starvation. Let’s examine each of Hansen’s claims in turn.
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from The Spokesman-Review
Newspaper in Spokane, Washington
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