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Despite criticisms that capitalism destroys beauty and health, it has historically enabled mass production and affordability, paving the way for a resurgence of artisanal crafts and quality as wealth increases.
The global spread of capitalism has led to a world where the average person no longer lives in miserable poverty but as a city dweller with a basic job. This shift marks a profound accomplishment in human progress.
Technology has flattened the economic spectrum in the U.S., making devices like smartphones accessible to all income levels.
Print media is experiencing a niche resurgence as a luxury or exclusive product in certain affluent areas.
The 20th century illustrates how global perspectives can change rapidly, as seen with the shift from European colonialism to the spread of capitalism and democracy. This transformation significantly improved global wealth and quality of life.
Technology has flattened the economic spectrum in the U.S., making devices like smartphones and laptops accessible to all income levels.
During the 19th century, consumer prices decreased by more than half, allowing wage earners to buy more over time. This contrasts sharply with today's economy, where money buys less each year.
The transformation of cities in Asia, such as Bangkok, from using elephants for construction to having skyscrapers, exemplifies the rapid urban and technological development driven by capitalism.
The strategic value of assets, even if not financially valuable, is increasing in a de-globalized world focused on trade routes and mercantilism.
The flattening of the economic spectrum in the U.S. is evident as technology makes devices like smartphones and laptops affordable for all income levels.