jwb

@ bat

No cause globally it has done certain things to increase the standard of living. The soviet model of rapid industrialization did nothing fundamentally different other than direct all their productive capacity towards the aims of the state. It was a sound strategy, militarily. Economically less so. Millions had to die in sacrifice.

Where as capitalism had down sides, and I believe is unsustainable long term, but the industrial model is driving down the price of goods so that a higher general quality of life is possible on a worldwide scale.

It goes hand and hands with technological innovation though so it's not like capitalism as such is soley responsible for the quality of life. It's mainly responsible for stream lining the process of manufacturing and assembly.