No Mercy / No Malice: A Touch Better

Economic Growth

The post-World War Two era marked a significant economic transformation, particularly for the American economy. George Hahn highlights how technological advancements and consumer culture fueled unprecedented prosperity, not only in the US but globally. He notes that in 1980, over 40% of humanity lived in extreme poverty, a figure that has since dropped to less than 10% 1.

The world is significantly wealthier, freer, healthier, and better educated than it was 40 years ago.

--- George Hahn

This progress is largely attributed to innovations in various sectors, including transport and advertising, which have driven demand and manufacturing agility 1.

   

Global Connectivity

Global connectivity has reshaped the human condition, expanding access to knowledge and markets. George Hahn discusses how the collapse of the Soviet Union and the subsequent global integration have led to profound changes 2. The economic output doubled from 1980 to 2004, a feat that took all of human history to achieve previously.

Today, the world generates roughly as much output in a month as it did in the year 1950.

--- George Hahn

This era of globalization has lifted billions out of poverty, particularly in China, where the number of people living below the international poverty line has drastically decreased 2.