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Consumptionomics by Chandran Nair

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Beyond Western capitalism

For the last two centuries, Western capitalism has regarded itself as the world’s most progressive force. It saw the ever-continuing rise in prosperity it delivered as largely stemming from its ability to apply scientific knowledge and technology to the natural world, while its emphasis on democracy and rights allowed it to claim that people were much freer from persecution and more able to protect their own interests than in any preceding societies in world history. The contribution of colonialism to this process of wealth creation was naturally downplayed, and the impact of its activities on the environment largely ignored. That democracy has hindered the development of many poorer countries is one of its aspects that ...

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