Post
Topic
Board Economics
Re: We will never return to capitalism as we know it
by
stompix
on 28/04/2020, 18:48:19 UTC
We were at least? The data on life expectancy may be looking to go up but not for people poor since 2008, or for people who were fairly wealthy.... T
That data is global, it doesn't matter how wealthy you are or even where you live countryside or towns.


Extreme poverty in Africa is going down, however for Europe and the americas, there are more people below the poverty line than there were in 2008. https://en.m.wikipedia.org/wiki/Poverty_in_the_United_States

Those numbers you have shown in the graphics are biased for multiple reasons.
- they fail to take into account how immigrants are influencing the numbers,  millions in the last years
- poverty lines are changing, the same as mentioned in the article itself:

Quote
For example, in 2005, 63.7% of those living in poverty had cable or satellite television. In some cases the report even said that people currently living in poverty were actually better off than middle class people of the recent past. For example, in 2005, 78.3% of households living in poverty had air conditioning, whereas in 1970, 36.0% of all households had air conditioning

Do you want to know what middle class was here in the '90?
We were not poor but a car was out of reach, no color tv, waiting for lines for a fridge, a washing machine, the countryside had no phone landlines, no running water, no gas, only electricity and that only enough to power radios or light bulbs, plug in a s9 miner and you would leave a whole town in darkness  Grin
Of course no internet, no personal computers, ..air conditioning? Lol!!!! Air conditioning?  Grin Grin
And yet we were not poor!
Compare that life with what a poor family has let's see who is having a more comfortable life.

At the beginning of the century, you were poor if you couldn't afford glass windows, now you're poor if you can't buy the newest Iphone! (pun!)