Data shows that inequality has increased over the last decade with an increasing number of rich people in the global one per cent who have generated more wealth, while extreme poverty has halved.
Extreme poverty measured by the World Bank as those living on less than $1.90 per day has halved over the past decade
Statistics from the World Bank and World Poverty Clock show that rates of extreme poverty have been halved over the past ten years, from 15.7% in 2010 to 7.7% now.
They also show extreme poverty in China has almost been entirely eradicated.
The number of people living on less than $1.90 per day, which is the World Bank’s threshold for ‘extreme poverty’, in areas including South Asia and Latin America have fallen dramatically, according to the data.
The trend does not hold true in sub-Saharan Africa, however, where overall poverty rates have risen to higher than a decade ago, partially due to a rapidly-growing population.
No thanks to communist ideology….
Well,Kevin, tell that to China.
China has largely embraced U.S. capitalism. It is unfortunate the Bernie Sanders of the world still run that country.
Am I the only one here who noticed that the “inequality” claim is debunked by the words immediately following that claim? News flash – more people entering the “1 per cent” (sic) means that things are more equal, not less.
“China has largely embraced U.S. capitalism”
Yet just a few days ago you were denouncing chinese communism. Or was that code for something else?
China is stil run by evil communists, which you leftists seem to adore.
China is realizing with its moderate embrace of capitalism….that is what drives the economic engine, not central planning idiots.
First it was “largely”, now it is “moderate”. Which modifier will you use next? Or why not make up a word that suits only you and has no meaning to the rest of the English speakers in the world?