Good news deserves repeating, so it's appearing on this blog for the second time (at least).
"Absolute" poverty around the world has declined so far in the last few decades that it afflicts just a small percentage of the number of people that used to live that way.
"In absolute terms, the total amount of people living in extreme poverty peaked in 1970 when 2.2 billion of the world’s 3.7 billion people lived on less than $1.25 per day. Today, in an astonishing reversal, only 0.7 billion of 7.3 billion people are below this poverty-line worldwide."
image: humanprogress.org
That is, about two-thirds of the world lived in absolute poverty in 1970, but today it's less than one-tenth. Free enterprise, technology and innovation, free economies have produced economic growth. And, "For every 1% increase in GDP per head, poverty is reduced by 1.7%."
(from http://www.businessinsider.com/end-of-global-extreme-poverty-chart-2016-11)
(cont'd tomorrow)
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