COMMENTARY
‘Late Capitalism’: The Saddest Faith
by Noah Rothman
December 3, 2018

…Between 1981 and 2008, more than 700 million emerged out from under extreme poverty, even as the world’s population increased by 48 percent. When the socialist model was sloughed off by the developing world, so, too, were the chains that prevented these burgeoning economies from growing. Accelerated growth and wage increases in the developing world has led some to whisper with guarded optimism that the virtual elimination of extreme poverty is no longer a utopian goal. The post-Cold War years have seen both subjective quality-of-life measurements and objective life-expectancy rates increase almost across the board. READ MORE