Saturday, December 26, 2015

Happy New Year!

Thanks to the capitalism and the collapse of Communism, only 10% of the world live in poverty.

This qualifies as "good news"....

...unless you are heavily invested in the "Government as Savior" model, which is why it will be pretty much a non-story

//To hear the global left these days, you'd think the only thing that matters is income inequality. Socialist candidate Bernie Sanders has even made income inequality a linchpin of his presidential
campaign, as has millionaire presidential wannabe Hillary Clinton.

"The issue of wealth and income inequality is the great moral issue of our time," says The Bern , "it is the great economic issue of our time, and it is the great political issue of our time."

But not so long ago, the left's big bugbear was poverty, not inequality. Then a funny thing happened: The left had to de-emphasize poverty because, as measured by the World Bank and others, absolute poverty is disappearing fast, thanks to capitalism and the collapse of communism.

That's right. Capitalism — not big government — is killing poverty. Socialism talks about poverty, but capitalism actually does something about it. As this chart shows, 200 years ago, 19 out of 20 people on Earth lived on less than $2 a day, adjusted for inflation, the definition of absolute poverty. Today, for the first time ever, less than one in 10 people live in this kind of abject state.//

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