23 things they dont tell you about Capitalizm

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  • May 7, 2015 at 3:48 pm #24266
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    “In no country does the average income give the right picture of how people live but in a country with higher inequality it is likely to be particularly misleading. Given that the US has by far the most unequal distribution of income among the rich countries, we can safely guess that the US per capita income overstates the actual living standards of more of its citizens than in other countries….The much higher crime rate than in Europe or Japan — in per capita terms, the US has eight times more people in prison than Europe and twelve times more than Japan — shows that there is a far bigger underclass in the US.”
    ― Ha-Joon Chang, 23 Things They Don’t Tell You About Capitalism

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