Two weeks ago the Human Development Report 2023/24 was published. As I did last year, here’s a comparison of current and past socialist and capitalist economies’ HDI (not weighed), along with the standard error of the latter group and a p-value computed via Mann-Whitney U-test.
Looks like socialist countries are now (in 2022) fully on par with their capitalist counterparts. All of them except Cuba saw a sharp increase in their HDI, while capitalist countries are yet to recover from the COVID-19 pandemic and its economic consequences.
interesting that there is a drop even on capitalist countries coinciding with the cracks and later dissolution of soviet union.
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welp, my argument is destroyed. i wanted to make a point about neoliberalism turning worker living conditions to shit even on central of the system.
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That is one big p-value though.
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I find it very curious that despite the massive drop in the early 90s for socialist countries, the p-value still didn’t reach statistical significance.
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