The end of war?

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While PM Abbott is busy drumming up fear for his own purposes, Zero Hedge has a fantastic graphic of why we should, in fact, be thanking out lucky stars:

20150624_war1

Amazing chart. One of my favourite books is Eric Hobsbawn’s Age of Extremes and this chart offers hope that perhaps we may have kicked the 20th century habit of slaughtering each other in ever increasing numbers. From VOX:

A recent paper, by Nassim Nicholas Taleb and Pasquale Cirillo, argued that our current peaceful era was a statistical myth: that dips in war deaths should be expected, as Roser’s chart shows, and that there’s no reason to believe this time should be different.

Pinker and others argue, by contrast, that things really have changed: that the rise of democracy, capitalism, industrial civilization, and international institutions like the UN have radically transformed the way global politics operates.

It’s impossible to know who’s right for sure. But Roser’s chart makes clear that, whatever the reason, we should be counting our blessings today.

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True dat.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.