Greens Senator Lee Rhiannon yesterday told ABC Insiders that “capitalism isn’t working”.
Say what, Lee? We beg to differ.
Here are just five ways capitalism has worked a treat around the world.
- It has dramatically reduced the share of people living in absolute poverty
Ourworldindata.org notes that “As more and more countries industrialised and increased the productivity of work, their economies started to grow and poverty began to decline.”
Absolute poverty has plummeted.
2. It has led to us living longer