
Source: Poverty goals? No, it’s extreme wealth we should be targeting | Zoe Williams | Comment is free | The Guardian
When Zoe Williams was born in 1973, 60% of humanity lived in extreme poverty. That has dropped to 1 in 10.
Just the other day, the World Bank estimated that extreme poverty has dropped below 10% of the world’s population for the first time in human history but some are still grumbling.
Zoe Williams is not grumbling about the failed states and predatory government responsible for the last pockets of extreme poverty, but about the inequality from economic progress under capitalism.
Zoe Williams honestly believes that extreme poverty could have been reduced faster if we had taken on the socialist road.
China and India escaped from extreme poverty by rejecting socialism.
China and India received next to no overseas development assistance in their Great Escape from extreme poverty.
There’s been some clear-cut natural experiments such as between Chile and Venezuela and Japan, Hong Kong, Singapore and just about any other developing country in terms of capitalism as the only path to prosperity.
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