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by briandh
4349 days ago
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> But it does not work any more. The "growth" of the last two decades did go 99% into the pockets of the millionaires and billionaires. According to the world bank, the number of people in poverty worldwide declined from about 1.9 billion in 1990 to about 1.2 billion in 2010. That is despite an increase in surveyed population of about 1.4 billion over the same period. ( http://iresearch.worldbank.org/PovcalNet/index.htm?1,0 ) Now, it is possible that economic growth over that period was so enormous that only 1% of it (or less, considering that there are more people in the world besides the very destitute, millionaires, and billionaires) was sufficient for that amazing reduction in poverty. But it seems unlikely, so I would appreciate a source for the assertion "The 'growth' of the last two decades did go 99% into the pockets of the millionaires and billionaires." |
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I don't care, what the world bank says. It is statistics. For example: How do they define "poverty"? By manipulating the definitions, I can prove anything to you.
It is a fact (and in my country, you can see it in the media), that in the developed countries, the rich got far much richer than the other people got.
That maybe some people in lower developed countries are better of now (by the statistics), might be, but their income is so low, that they do not really count against the growth in income in the other countries.
Please, don't tell me about the world bank. I don't trust organisations, that are installed for one main reason: To sell capitalism to the world.
The numbers from independent researchers are different. Read the book from Piketty: http://www.amazon.de/Capital-Twenty-First-Century-Thomas-Pik...
Of course, if you read the right (right-wing) media, they will try to discredit it, but I did not yet read any plausible critic -- only wild tries to protect capitalism from any thinking.