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by neoburkian
1885 days ago
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Your analogy implies that inequality creates poverty or that there is some casual relationship. This is what many people intuitively believe. It is not true. As a rule, when people try to remove inequality everybody gets poorer, not richer. Countries are more successful at reducing poverty when they focus on lifting all boats. India and China were communist countries in the mid 20th century. As a result of them abandoning that approach, we have seen the greatest poverty reduction in human history. Check the GINI coefficients of those countries, it isn't great. Ask Chinese/Indian citizens if they are wealthier now than 60 years ago and its not even a question. |
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