On Fri, Oct 18, 2013 at 7:20 PM, Shane Mage <[email protected]> wrote:
> On Oct 18, 2013, at 2:43 PM, raghu wrote: > > On Thu, Oct 17, 2013 at 7:46 PM, Carrol Cox <[email protected]> wrote: > >> For over 2 centuries capitalism, in all its phases, has been a continuing >> (and growing) disaster for most of the global population. > > Is this true? I'd say no. In fact it is exactly wrong. > > The neoliberal ascendancy of the past 3 decades has actually coincided > with the greatest episode of poverty reduction ever in world history > > > The past three decades has seen an increase in world population of more > than two billion. Most of those are impoverished. More people than ever > before live in poverty. > Are you sure about this, or is this just your ideological prejudice talking? Here's a report that says you have no idea what you are talking about: http://siteresources.worldbank.org/JAPANINJAPANESEEXT/Resources/515497-1201490097949/080827_The_Developing_World_is_Poorer_than_we_Thought.pdf ------------------------snip For 2005 we estimate that 1.4 billion people, or one quarter of the population of the developing world, lived below our international line of $1.25 a day in 2005 prices. Yet 25 years earlier there were 1.9 billion poor, or one half of the population. Progress was uneven across regions. The poverty rate in East Asia fell from 80% to under 20% over this 25 year period; by contrast it stayed at around 50% in Sub-Saharan Africa, though with signs of progress since the mid 1990s. -raghu.
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