30
edits
Changes
Jump to navigation
Jump to search
Line 37:
Line 37: + +
→Capitalism and Society
Capitalist societies also generally have higher standards of living compared to their non-capitalist counterparts in terms of per capita GDP, education, healthcare, and poverty rates. [[China]], for instance, has been growing extremely prosperous since it began opening its economy to capitalism in the 1980s.
Capitalist societies also generally have higher standards of living compared to their non-capitalist counterparts in terms of per capita GDP, education, healthcare, and poverty rates. [[China]], for instance, has been growing extremely prosperous since it began opening its economy to capitalism in the 1980s.
However, capitalist societies also have seen progressively larger gaps between the upper and middle classes develop, such as the United States where the top twenty percent owned eighty-seven percent of the financial wealth and eighty percent of the total wealth, despite having the largest GDP in the world.
== Quotes ==
== Quotes ==