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Before capitalism all of the world was "Third world". And the equity you get without capitalism is everybody being equally poor. And then millions die, like in every attempt to build communism in past century.

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I know it’s unfashionable to say on a venture capitalist forum, but millions die under capitalism too.

That's certainly true and remains an unacceptable state of the world, but it's also true that globally, it's a steadily decreasing number, even under conditions of population growth.

E.g. looking at child mortality over time

https://ourworldindata.org/grapher/child-deaths-igme-data

And in same (many?) cases it's intentional, e.g. by overthrowing governments so the West has cheaper oil, gas, or bananas (Guatemala).

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