Myth: Capitalism Lifted Millions out of Poverty

Myth: Capitalism Lifted Millions out of Poverty

Fact: Members of industrialised nations imposed their own definition of wealth onto indigenous populations and, using this, determined that those populations to be ‘poor’ because of the lack of what made their own nations ‘rich’. They then capitalised on this new information by promising to make them rich, but instead exploiting them for cheap labour.

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