Failures of capitalism

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Slums in capitalist Bangladesh

Capitalism has created immense amounts of suffering and destruction since its beginning in the 16th and 17th centuries. Capitalist apologists will often claim that this is "not real capitalism" or "crony capitalism."

Death toll

Capitalism killed over 160 million people in India alone between 1880 and 1920.[1] The United States has intentionally killed over 11 million people, including over five million indigenous people.[2]

The average male life expectancy for the former Soviet Union dropped from 63.8 to 57.7 years between 1990 and 1994.[3]

Poverty

After the overthrow of the Soviet Union and restoration of capitalism, poverty rates increased massively in Eastern Europe and Central Asia:[4]

Starvation

All of the worst 50 countries in terms of starvation rate are capitalist. Somalia, a capitalist country, has a starvation rate more than 10 times as high as Laos, the most malnourished socialist country, and over 300 times as high as socialist Vietnam.[5]

Mass incarceration

The United States has very high levels of incarceration compared to other countries

The United States imprisons 2.8% of its population, a higher rate than the Soviet Union at the height of the Purges.[6]

See also

References

  1. Ben Norton (2022-12-12). "British empire killed 165 million Indians in 40 years: How colonialism inspired fascism" Multipolarista. Retrieved 2022-12-16.
  2. Austin Murphy (2000). The Triumph of Evil: 'Introduction' (p. 22). [PDF] European Press Academic Publishing. ISBN 8883980026
  3. Brian Becker (2008-02-01). "Socialism and the legacy of the Soviet Union" Liberation School. Archived from the original on 2020-11-12. Retrieved 2022-06-21.
  4. Branko Milanovic (1998). Income, Inequality, and Poverty during the Transition from Planned to Market Economy: 'Poverty; By How Much Has Poverty Increased?' (p. 68). [PDF] Washington, D.C.: World Bank. ISBN 082133994X
  5. "Malnutrition". World Health Rankings. Archived from the original on 2022-12-02. Retrieved 2022-02-07.
  6. Saed Teymuri (2018-10-31). "The Truth about the Soviet Gulag - Surprisingly Revealed by the CIA" The Stalinist Katyusha. Archived from the original on 2019-04-01. Retrieved 2022-09-11.