Is the McKinsey & Co consulting firm evil?
A new account of the famous consulting firm attacks it for driving profits. Aaron Patrick says the criticism misses the point.
Source: afr.com
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Why So Much Hate for the Free Market? | Mises Institute
The Power of Capitalism: A Journey through Recent History across Five ContinentsBy Rainer ZitelmannLID Publishing, 2018xiv + 233 pages Dr.
Source: mises.org
A historical perspective on China's success against poverty
Ejaz Ghani, Lakshmi Iyer, Saurabh Mishra There is no doubt that China has seen a large reduction in poverty since 1980. Judged by the World Bank’s $1.90 a day poverty line (in 2011 prices at purchasing power parity), the national poverty rate fell from almost 90% in 1981 to under 4% in 2016, implying 800 million fewer people living in poverty (using the World Bank’s PovcalNet site). Many explanations have been offered for China’s accomplishment in reducing extreme poverty, including frequent emphasis on the pro-market reforms initiated in 1978 by Deng Xiaoping, who ruled China until 199...
Source: voxeu.org