Chart: Global income distributions from 1800 to 2015

Free market capitalism has unleashed a tidal wave of wealth. No other system in the millions of years on this planet has lifted so many people out of poverty than capitalism.

Despite the left constantly shouting inane slogans – “the rich must pay their fair share!” or “capitalism is evil; socialism is virtuous!” – global income distributions have been immense over the last 200-plus years.

Here is a chart from Our World in Data to highlight this point:

Thanks capitalism!

Like this article? Get ECN delivered to your inbox daily. Subscribe here.

Leave a Comment