"Capitalism and extreme poverty: A global analysis of real wages, human height, and mortality since the long 16th century
[…]
• Data on real wages suggests that, historically, extreme poverty was uncommon and arose primarily during periods of severe social and economic dislocation, particularly under colonialism.
• The rise of capitalism from the long 16th century onward is associated with a decline in wages to below subsistence, a deterioration in human stature, and an upturn in premature mortality.
• In parts of South Asia, sub-Saharan Africa and Latin America, wages and/or height have still not recovered."

Sullivan, Hickel, 2022 : https://www.sciencedirect.com/science/article/pii/S0305750X22002169

@histodons

"The #law is the most powerful engine through which ideologies can become self-replicating engines. John Locke’s theory of property as the endowed right of white men to use and to produce worked like witchcraft—the natural world, which had sustained societies for thousands of years, could suddenly be taken by force, enclosed, and tilled for the sole profit of one man, with trespassers punished. The conversion of land into one person’s permanent property was not permissible under the indigenous populations who had long occupied it, nor was such a thing permissible anywhere in the world except Europe—and even there, only after the enclosure movements of the 1600s."

Mehrsa #Baradaran in her book: "The Quiet Coup: Neoliberalism and the Looting of America"

@economics

@Shanitoba "Humpty Dumpty had a great Fall."

This is why I believe the names of the seasons should always be capitalized, as we do for the days of the week and months of the year.

Humpty Dumpty thanks you.

"The inflation rate signals instability in the social order. That instability, it seems, translates into capitalists’ fears about the future. When the price system is more unstable, capitalists discount present income more steeply."

in "The Ritual of Capitalization" by @blair_fix: https://economicsfromthetopdown.com/2021/06/02/the-ritual-of-capitalization/