Actual left/right wing discussion Message Board

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Politics : Actual left/right wing discussion

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From: TimF	10/17/2006 10:41:56 AM
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"To summarize 2.5 million years of economy history in brief: for a very, very, very long time not much happened; then all of a sudden, all hell broke loose. It took 99.4% of economic history to reach the wealth levels of the Yanomamo, 0.59% to double that level by 1750, and then just 0.01% for global wealth to leap to the levels of the modern world. Another way to think of it is that over 97% of humanity's wealth was created in just the last 0.01% of our history. As the economic historian David Landes describes it, "the Englishman of 1750 was closer in material things to Caesar's legionnaires than to his own great grandchildren." Eric Beinhocker in "The Origin of Wealth" Message 22916067

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