- Capitalism and Alternatives -
Mind the MAI and O.E.C.D.
Posted by: Quincunx on April 01, 1999 at 18:51:02:
In Reply to: Mind the wealth 'gap' posted by Gee on March 30, 1999 at 15:48:28:
G: The economist Angus Maddison has been studying economic growth since the 1950's. In 1995, under the auspices of the Organization for
Economic Co-Operation and Development, he published a book, Monitoring the World Economy 1820-1992. The earth had fewer natural resources and no more farm land in 1992 than it had in 1820 and in that period the earth's population multiplied by five. But (in 1990 US$) the value of everything produced in the world grew from $695 billion in 1820 to almost $28 trillion in 1992 and the amount of that production per person went from $651 to $5,145. If mony is not your thing then
simply compare what can be done now in terms of farming, building, communications compared to 1820. That is wealth creation.
Qx: Beware the O.E.C.D. and it's creation the MAI. Sorry, Gee but the mere mention of that organization hardly does credit to anybody's arguments if they are pro-capitalist.