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Downtown_Gear8588 t1_j7c8ol5 wrote

Reply to comment by SteveInMotion in Economic freedom (Index of Economic Freedom) vs Income inequality (Gini coefficient) in 153 countries [OC] by Independent-Ad-514

Correlation does not equal causation.

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SteveInMotion t1_j7cjw51 wrote

Statistically true. In this case you can observe it happening in real life and understand how economic liberty reduces inequality. As Bono said, “I thought that if we just redistributed resources, then we could solve every problem. I now know that’s not true. There’s a funny moment when you realize that as an activist: The off-ramp out of extreme poverty is commerce, it’s entrepreneurial capitalism.”

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Downtown_Gear8588 t1_j7cp262 wrote

I studied development and development economics. The reality is much more complex.

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SteveInMotion t1_j7d3fmu wrote

I’ve lived and worked in so-called developing countries, and, on a more modest scale than Bono, worked on relief efforts. I think Bono is on the right track. And I agree with you that it’s complicated.

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