Are you aware that the number of people living in extreme poverty worldwide has declined from 38% in 1990 to 8.6% in 2024? (Extreme poverty is defined as living below the International Poverty Line of $2.15 per day. This data is adjusted for inflation and for differences in the cost of living between countries.) Data supporting this fact is available at the following link:
This is a dramatic and wonderful accomplishment. The greatest reduction in extreme poverty in recorded history.
If you were not aware of these statistics you are not alone, most people think global poverty is rising when in fact the opposite is happening:
News media and schools are not sharing the facts about the decline in extreme poverty. This may be because the main driver behind the decline is that more people are gaining the freedom to make their own economic decisions. The shift from central planning to freer markets has unlocked human creativity and productivity.
This good news should be celebrated and shared by all who value human flourishing.
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ReplyDeleteWOW
DeleteYes "freedom" won the day made possible by the US Navy and related forces guaranteeing "Freedom of the Sea" at Bretton Wood 1944 followed by the greatest ever period of global human uplifting.
ReplyDeleteThis is great news!, why do our politicians and the social media wants us to think differently? Kai
ReplyDeleteThe comments on this blog post and also comments that I have received personally fall into 3 categories:
ReplyDelete1. How do we know that the data is correct?
2. What caused this decline in extreme poverty?
3. Why is this not widely publicized?
My next blog post will answer all three questions.