Thursday, December 24, 2015

The Good News that isn't in your papers


Glenn Reynolds in USAToday notes:

Amid stories of terrorism, government incompetence and corruption, mass migration and economic stagnation, there’s actually some good news: Global poverty has fallen below 10% for the first time ever.
That’s right: A new study by the World Bankestimates that less than 10% of the world’s population is living in what it calls poverty — an income of less than $1.90 per day. Twenty-five years ago, over a third of the global population was living on less. The biggest changes have come in East Asia and around the Pacific, but even sub-Saharan Africa, the worst place in the world for incomes, has improved significantly, with poverty dropping from 56% to an estimated 35.2% since 1990.

Oh dear: Capitalism and free markets work?

Don't tell Pope Francis!

you know, if he actually told our good Catholic politicians here in the Philippines not to steal/ take bribes /divert money/take 20 percent of the profit off the top, instead of telling them to love the poor and don't spoil the environment, maybe we'd have less poverty here too.

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