Capitalist Wealth as Defined by the World Bank Leaves Labor and Ecology Out

When Marx criticized Adam Smith he pointed out how little human needs, human labor, and the ecological setting counted in Smith’s calculations. So today, the World Bank does the same thing when it assesses global human wealth spanning 20 years. In addition to Roberts’ analysis, the World Bank counts finance capital and military capital as social wealth. The manufacturing sector of the world economy is down and the increasing ecological costs are insufficiently factored in.

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