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Lemmy might, MIGHT have a small bias towards the left (lemm.ee)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 8 points 1 year ago (58 children)

The bias is justified. The left is correct. Markets don't create wealth without necessarily simultaneously creating poverty

[–] [email protected] 0 points 1 year ago (46 children)

Well that's just bullshit. Markets have brought more people out of poverty than anything.

[–] [email protected] -3 points 1 year ago (8 children)

Did you know that China is responsible for 75% of the global poverty reduction over the last 40 years?

Over the past 40 years, the number of people in China with incomes below $1.90 per day – the International Poverty Line as defined by the World Bank to track global extreme poverty– has fallen by close to 800 million. With this, China has contributed close to three-quarters of the global reduction in the number of people living in extreme poverty. At China’s current national poverty line, the number of poor fell by 770 million over the same period.

https://www.worldbank.org/en/news/press-release/2022/04/01/lifting-800-million-people-out-of-poverty-new-report-looks-at-lessons-from-china-s-experience

https://openknowledge.worldbank.org/server/api/core/bitstreams/e9a5bc3c-718d-57d8-9558-ce325407f737/content

[–] [email protected] 1 points 1 year ago

This is the correct response. Practically all of global poverty reduction is being done by central planning, right now.

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