Poverty is being destroyed by free trade and capitalism

If you listened to the Media party and the Opposition you’d think that poverty was rampant and increasing.

The claims with regard to NZ are particularly specious, and data shows that poverty, globally, is shrinking, dramatically.

America’s poverty problems are real, and worth the serious attention of policy makers. But on the global level, it’s important to remember that poverty is falling in stunning, unprecedented fashion.

As this chart from American Enterprise Institute expert Mark Perry illustrates, global poverty levels have fallen from an astounding 94% in 1820 to just 9.6% in 2015, with the most dramatic fall coming in the years since 1970.

This is a good chart to show your friend who can’t stop complaining that everything is getting worse, all the time:

poverty

As World Bank chief Jim Yong Kim noted in the organization’s October report on the state of global poverty, which showed a global reduction in poverty of roughly 200 million people in the last four years alone:

“This is the best story in the world today—these projections show us that we are the first generation in human history that can end extreme poverty.”

Despite having increased in the past decade, overall poverty levels in the U.S. have fallen significantly since 1960.

poverty-1

The greatest gains in poverty reduction have come in China and India, which, together, have lifted just short of 1 billion people out of poverty.

pr-in-china-india-and-brazil1The common recipe for the countries that successfully lifted their populations out of poverty, according to the Organization for Economic Cooperation and Development (OECD), was market and trade liberalization, combined with investments in education and infrastructure.

And those are the very things that Labour now opposes. They’ve opposed market and trade liberalisation by opposing the TPPA. They oppose charter schools…and they oppose new roads.

Further, the falling global poverty rate results in other important milestones:

infectious-disease-rates-from-1900-to-1999-2

And politicians want oppose the benefits of free trade and liberalisation. Leaders like Jeremy Corbyn, Bernie Sanders and Andrew Little are dishonestly telling voters that they care, when their policies demonstrable will not work.

 

-Fusion


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

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