The Most Important Graph in the World
There has been a massive increase in wealth throughout the world in the last two centuries.
There has been a massive increase in wealth throughout the world in the last two centuries.
The prime minister resigned after voters rejected his reform efforts by a wide margin.
Cuba has a two-tier healthcare system like all communist countries, lags in other indicators, and lacks basic human rights.
The last forty years have seen a massive and historically unprecedented decline in global poverty.
Income per capita per year was up 111 percent between 1950 and 2016.
Freedom of the press, government accountability and transparency, and economic freedom have all been trending down, while corruption is trending up.
Progress in spite of government not because of it.
But attitudes are slowly shifting.
Things have been getting better.
Its prosperity and stability a testament to its first president, who did not seek to destroy the market economy he inherited.
That's ok, because human ingenuity and free markets satisfy increased demand.
Researchers have just developed a way to fit yet more transistors into less space, creating an even more efficient computer chip.
What contributed to the revival of the U.S. brewing industry between the 1990s and the present?
To appreciate Ukraine's predicament, consider these charts.
The African National Congress has dominated since the end of apartheid.
Former Soviet bloc countries that transitioned slowly now lag behind.
Despite its self-congratulations, the EU is not responsible for 60 years of peace and prosperity in Europe.
But motivated bad actors will always find a way.
The story of Chile's success starts in the mid-1970s, when Chile's military government abandoned socialism and started to implement economic reforms.
Lower oil prices not quite an answer.
The West's misguided attempts to curtail CO2 emissions through limits on energy use are filtering down to places where cheap energy is still a distant dream.
Lower gas prices probably helped President Obama get re-elected too.
Dictatorships may value literacy as much as democracies, but they value life a lot less.
What would make someone want to flee "The Hermit Kingdom"?
Government covers the associated student fees.
GDPs have continued to go up even as total hours work have gone down.
Hong Kong has surpassed its former colonial master in prosperity because it's had more economic freedom.
Private-sector innovations trump government-controlled monopolies.
Wars are getting rarer and nuclear stockpiles are going down.
Third World tyrants salivate at the prospect of largesse from the green climate fund.
Freshwater reserves are falling but access to drinking water is up.
In 1998, Bill Clinton lauded four African presidents for their commitment to democracy. Three of them are still in power today. The other's dead.
The next U.S. president doesn't need to try to set the world right.
Inflation-adjusted wages haven't gone up, the cost of living has for the most part gone down.
Decline in commodities prices since the 1960s illustrates the enduring wisdom of Julian Simon