![]() ![]() ![]() According to this line of reasoning it has been a net benefit – despite its role in the current challenges and in the well-documented exploitation that accompanied colonization and empire, the destructive impacts of which continue to play out. Winners Take All: The Elite Charade of Changing the World (2018)ĭespite being implicated in a dramatic rise in inequality that has led to increasingly dire economic and social disruptions, as well as in practices that have contributed to world-wide environmental degradation and hampered efforts to counter the existential crisis of climate change, free market capitalism has maintained an iron grip on the Western imagination as being the preeminent economic system.Ĭertainly the argument has been made – perhaps most famously by Steven Pinker – that the ascendancy of free market capitalism has resulted in significant improvements in people’s lives over the past several centuries, reflected in improved standards of living and longer lifespans. ![]()
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