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Is Technological Progress Good For Everyone? With Daron Acemoglu

Capitalisn't

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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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