Exploring Economic Progress Over the Last Two Centuries
Art Carden recently penned an insightful article titled “Conceived in Liberty or Conceived in Sin? Exploitation and Modern Prosperity” on Econlib on November 4, 2024.
One notable excerpt from the article highlights the concept of being R.I.C.H.: Rich, Interconnected, Civilized, and Healthy. This notion primarily applies to individuals residing in European countries or their derivatives like the United States and Canada. If you are reading this, chances are you belong to the wealthiest 5% globally and the top 1% throughout history.
In various discussions, it has been emphasized that for many Americans, their most valuable possession is their U.S. citizenship, even if they possess minimal physical assets.
Carden also addresses the prevalence of diseases of affluence in today’s society, such as cancer, attributing the rise in cancer-related deaths to the increased lifespan of individuals.
Reflecting on the insights shared by the late Aaron Wildavsky and his son Adam Wildavsky in “Risk and Safety,” it is observed that the mortality rates associated with cancer and cardiovascular diseases are influenced by factors like age and life expectancy.
It is essential to acknowledge the significant progress made in terms of longevity and overall well-being, despite the persisting challenges in healthcare and disease management.
As we navigate through the complexities of modern society, it is crucial to appreciate the advancements in economic prosperity and healthcare that have contributed to our present state of well-being.
