“Between 1970 and 2006 the global poverty rate has been cut by nearly three-quarters. The percentage of the world population living on less than $1 a day went from 26.8% to 5.4%.
The most surprising secular event in history, “The Great Enrichment” of the average individual on the planet by a factor of 10 and in rich countries a factor of 30 or more. Many humans are now stunningly better off than their ancestors were. This includes a gigantic improvement of the poorest – your ancestors and mine. By dramatic increases in the size of the pie, the poor have been lifted to 90 or 95% of equal sustinance and dignity, as against 10 or 5% attainable by redistribution of the pie.
That even over the long run there remain some poor people does not mean the system is not working for the poor, so long as their condition is continuing to improve, as it is, and so long as the percentage of the desperately poor is heading toward zero, as it is.”
– comments from Deidre McCluskey, CATO intitute.
Wow. With income inequality at unprecedented levels, I find this “half glass full” post on poverty alarmingly misleading.
John,
If you have more money than others, and you think that is wrong, why don’t you go downtown and give someone your money until they have the same amount you do? Is that what you want? Or is freedom for all individuals more important?
That kind of thnnkiig shows you’re an expert
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