https://issuesinsights.com/2020/01/23/heres-a-tipping-point-the-left-wants-you-to-ignore/
Recently, the majority of the world became middle class or rich thanks to capitalism.
In an interview this week, Rep. Alexandria Ocasio-Cortez complained that the Democratic Party wasn’t sufficiently leftist because it hasn’t embraced her style of socialism. “There are a lot of true believers that we can ‘capitalism’ our way out of poverty,” she complained.
We doubt there are very many such believers remaining in the Democratic Party, given that 70% of those who identify as Democrats now have a positive view of socialism.
To the extent that there are any free market capitalists left in the Democratic Party, it’s possible that they are true believers because they’ve seen the data, which make it abundantly clear that capitalism has been the greatest anti-poverty program ever conceived by mankind.
The Brookings Institution, a centrist think tank in Washington, D.C., found that, “for the first time since agriculture-based civilization began 10,000 years ago, the majority of humankind is no longer poor or vulnerable to falling into poverty.”
The report – which came out more than a year ago – showed that more than 50% of the world’s population lived in households with enough discretionary income to be considered middle class or rich.
More specifically, it found that there were 3.59 billion people in the middle class in 2017, and 200 million who are rich. At the other end, there are 3.2 billion they classify as “vulnerable” and 630 million who are poor.