Since 1970, global population increased by 91%
Since 1970, global aggregate GDP increased by 540% (in constant $)
I think that means that 540/1.91 = ~2.8x increase in per-person productivity on a global basis over the last 40 years. I would contend that capitalism drives productivity increases to a greater degree than communism or socialism, simply based on the fact that 8 of the top 10 economies in the world are arguably capitalist. (counting France as socialist and China as something else, not sure what at this point).
A better statistician than I can weigh in with wealth distribution, and I am betting that the average world citizen is better off today than 40 years ago, primarily due to capitalism.
Since 1970, global population increased by 91% Since 1970, global aggregate GDP increased by 540% (in constant $)
I think that means that 540/1.91 = ~2.8x increase in per-person productivity on a global basis over the last 40 years. I would contend that capitalism drives productivity increases to a greater degree than communism or socialism, simply based on the fact that 8 of the top 10 economies in the world are arguably capitalist. (counting France as socialist and China as something else, not sure what at this point).
A better statistician than I can weigh in with wealth distribution, and I am betting that the average world citizen is better off today than 40 years ago, primarily due to capitalism.