this is survivorship bias. "capitalism persists despite its cyclical catastrophes." tell that to the people who die or lose everything each time it shits itself
it's also a hard Eurocentric / america-centric worldview. I don't think people in the superexploited global south have experienced an "astonishing long-term rise in their standard of living". A rise in standards of living regardless, their statement outright ignores the premise of their challenge about wealth inequality. I guess since the poors are somewhat less poor, the ultra rich getting richer is ok?
True, it's an incredibly cloistered view from both a temporal and a spatial perspective. we in the imperial core owe our current prosperity to the exploitation of the global south, but also the future and past. People who find themselves prosperous at an economic peak do so at the expense of people coming into their means during a collapse. Usually we justify it as "the march of progress" but the defenders of capitalism are finding it harder and harder to obscure that it all will happen again.
this is survivorship bias. "capitalism persists despite its cyclical catastrophes." tell that to the people who die or lose everything each time it shits itself
it's also a hard Eurocentric / america-centric worldview. I don't think people in the superexploited global south have experienced an "astonishing long-term rise in their standard of living". A rise in standards of living regardless, their statement outright ignores the premise of their challenge about wealth inequality. I guess since the poors are somewhat less poor, the ultra rich getting richer is ok?
True, it's an incredibly cloistered view from both a temporal and a spatial perspective. we in the imperial core owe our current prosperity to the exploitation of the global south, but also the future and past. People who find themselves prosperous at an economic peak do so at the expense of people coming into their means during a collapse. Usually we justify it as "the march of progress" but the defenders of capitalism are finding it harder and harder to obscure that it all will happen again.