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To be fair, that's only a very small part of his rebuttal, dealing specifically with the period prior to 1970, as well as the fact that GDP estimates for this period "take little if any account of the goods and resources that people may have acquired from their land, from trees, from forests, from rivers and the sea, and in the form of gifts from relatives." From 1981 onward, I would summarize his argument as being that: - While some measures have improved, the picture is no where near as good as it is represented. - Using $1.90 as the baseline to beat is too low for what we would consider as being out of poverty. - Most economic successes have not been due to neoliberal markets but rather state-led industrial policy, protectionism and regulation. - Most quality of life improvements have not been due to neoliberal globalization but simple public interventions including free healthcare and education. - Progress is slowing relative to the resources available to tackle the problem. |