e/acc

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

The major impacts on the chart:

1. Green Revolution

2. China starting process of becoming more capitalist / less communist

3. Pax Americana post WWII was good for growth capitalism, global trade which helped the poorest countries

Why is capitalism the answer ?

This trend seems to change significantly in 1965, but I can’t think of anything that happened with capitalism around then

China accounted for 75% of the global reduction in poverty, by lifting 800M people from below the poverty line in the last 40 years. We can’t point to China as a shining beacon of capitalism… it was primarily due to productivity gains in the agricultural sector, which raised the income per unit of labor; 1/3