The history of the end of poverty has just begun
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The history of the end of poverty has just begun
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Re: The history of the end of poverty has just begun
#2While there's clearly a lot in the whole $1/day thing, it's not as clear cut.
If you live in Sweden on $30 a day and pay $900 a month in rent, that leaves you with just 31 cents a day. Meanwhile if you live in India on $5 a day and pay $50 a month in rent you'd have $3.35 a day left over, and $3 in rural india goes a lot further than $3 in Sweden.
Those are of course extreme examples, and the levels of poverty in places like India (families sleeping rough on the streets etc) makes even California look glorious levels of civility.
Re: The history of the end of poverty has just begun
#3I'll ask this kind of leading question that I have my own thoughts about but I want to hear others'-- is it capitalism that is eradicating poverty?
Re: The history of the end of poverty has just begun
#4I wonder what the inflation adjusted version of this graph looks like.
Re: The history of the end of poverty has just begun
#5I'll ask this kind of leading question that I have my own thoughts about but I want to hear others'-- is it capitalism that is eradicating poverty?
Plus globalisation. What else should it be?
Re: The history of the end of poverty has just begun
#6I wonder what the inflation adjusted version of this graph looks like.
The graphs say that they are adjusted for inflation over time, and for price differences between countries.
Re: The history of the end of poverty has just begun
#7I wonder what the inflation adjusted version of this graph looks like.
It is adjusted.
"Adjusted for inflation the income distribution looked like this"
Re: The history of the end of poverty has just begun
#8I'll ask this kind of leading question that I have my own thoughts about but I want to hear others'-- is it capitalism that is eradicating poverty?
Yes.
Re: The history of the end of poverty has just begun
#9While there's clearly a lot in the whole $1/day thing, it's not as clear cut. If you live in Sweden on $30 a day and pay $900 a month in rent, that leaves you with just 31 cents a day. Meanwhile if you live in India on $5 a day and pay $50 a month in rent you'd have $3.35 a day left over, and $3 in rural india goes a lot further than $3 in Sweden. Those are of course extreme examples, and the levels of poverty in pla…
They claim to have adjusted the values for the price differences between countries.
Although I'm not sure if rent was included in that adjustment.
Re: The history of the end of poverty has just begun
#10Are we transitioning to post-scarcity economy?