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Is Technological Progress Good For Everyone? With Daron Acemoglu
Capitalisn't
Capitalism's Success in Improving Standard of Living
Capitalism has driven significant improvements in the standard of living by increasing per capita income and life expectancy through technological advances fueled by a profit motive. The success of capitalism is evident in the 17-fold increase in per capita income in England since the industrial revolution and the doubling of life expectancy in Europe. These achievements showcase the positive impact of capitalism on society.
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