[chroem-]

>Globalized capitalism has caused the largest reduction in poverty ever.

This is a non-sequitur that often gets touted, despite totally ignoring efforts of NGO's, improvements in technology and industrialization, as well as decolonization. Further, the majority of the world's most developed economies, e.g. China, Japan, and the US, all relied on heavy protectionism to at first foster the creation of local industry. Forcing open the economies of developing nations is a surefire way to keep them poor and totally dependent on foreign imports.