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ONE OF THE GREATEST ACHIEVEMENTS IN HUMAN HISTORY AND NO ONE IS TALKING ABOUT IT
Catholic Vote ^ | January 7, 2014 | JOSHUA MERCER

Posted on 01/07/2014 3:02:50 PM PST by NYer

As a child of the 80s, I remember We Are the World. Yeah, the song is terrible, but it was nice to see rock stars care about charity. Back then poverty in Africa was in the news all the time. But things have been changing in Africa and in other “third-world” countries. More countries are opening up their markets. China, Russia, India, and Botswana are all much freer economies than they were in 1970.

But even I was shocked when I saw this graph:

worldpoverty2

 

Mark Perry, an economics professor at UM-Flint said it best:

Well, the chart above could perhaps qualify as the “chart of the century” because it illustrates one of the most remarkable achievements in human history: the 80% reduction in world poverty in only 36 years, from 26.8% of the world’s population living on $1 or less (in 1987 dollars) in 1970 to only 5.4% in 2006. (Source: The 2009 NBER working paper “Parametric Estimations of the World Distribution of Income,” by economists Maxim Pinkovskiy (MIT) and Xavier Sala-i-Martin (Columbia University).

Wow. An 80% drop in world poverty since 1970. Just astounding.

And if you have a few minutes, you really must watch this video… It explains why great data like we see up above is NOT enough to persuade people to move away from socialism and central planning. We need a moral argument for the free enterprise system.

As Arthur Brooks says: Don’t Eat Your Dog.

Don't Eat Your Dog: The Surprising Moral Case for Free Enterprise


TOPICS: Business/Economy; Culture/Society; Foreign Affairs
KEYWORDS: abortion; deathpanels; enterprise; obamacare; poverty; povertychart; waronpoverty; worldpoverty; zerocare

1 posted on 01/07/2014 3:02:50 PM PST by NYer
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To: Tax-chick; GregB; Berlin_Freeper; SumProVita; narses; bboop; SevenofNine; Ronaldus Magnus; tiki; ...

FYI, ping!


2 posted on 01/07/2014 3:03:10 PM PST by NYer ("The wise man is the one who can save his soul. - St. Nimatullah Al-Hardini)
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To: NYer

And now compare that to US poverty..... then cry.


3 posted on 01/07/2014 3:04:36 PM PST by Viennacon
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To: NYer; zot; Interesting Times; 2ndDivisionVet

This truth is why the left ignores it because it believes that it is better to have communism where everyone except the ruling elite is poor.


4 posted on 01/07/2014 3:07:58 PM PST by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
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To: NYer
"80% reduction in world poverty" Amazing!
5 posted on 01/07/2014 3:18:40 PM PST by virgil283 (When the sun spins, the cross appears, and the skies burn red)
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To: RhoTheta

Ping.


6 posted on 01/07/2014 3:20:09 PM PST by Egon (Apparently, Jimmy Carter DOES need a third term.)
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To: NYer
Food stamp rise in the US under Obama


7 posted on 01/07/2014 3:22:17 PM PST by maddog55
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To: NYer
"More countries are opening up their markets. China, Russia, India, and Botswana are all much freer economies than they were in 1970."

But the Marxist useful idiot Obama still wants to kill free market capitalism here in the USA.

8 posted on 01/07/2014 3:22:26 PM PST by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Viennacon

Americans in “poverty” have a far different life than those in the Third World. It all depends on what the meaning of “poverty” is.


9 posted on 01/07/2014 3:22:52 PM PST by kabar
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To: NYer

bkmk


10 posted on 01/07/2014 3:28:22 PM PST by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: NYer
More countries are opening up their markets. China, Russia, India, and Botswana are all much freer economies than they were in 1970.

It is wonderful.

But while the rest of the world is freeing their economies and bettering the lot of their people in the process the United States is hobbling the legs of our economy and real incomes of the citizens of this once great country are sliding backwards.

Thank you Obama and the Democrats!

11 posted on 01/07/2014 3:52:15 PM PST by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Viennacon
And now compare that to US poverty
There's no poverty in America, but thanks for keeping alive the Liberal myth ... especially that part about how "we", the taxpayers, haven't done enough.
12 posted on 01/07/2014 4:02:45 PM PST by oh8eleven (RVN '67-'68)
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To: Pontiac; GreyFriar
But while the rest of the world is freeing their economies and bettering the lot of their people in the process the United States is hobbling the legs of our economy and real incomes of the citizens of this once great country are sliding backwards.

Remember that pendulums swing. I am most fortunate to have experienced life in post WWII America when neighbors spoke with each other and doors were left unlocked. I witnessed the impact of communism on Russia and was privileged to see the Berlin wall fall, under an strong Conservative American president.

It's been all downhill since then, here in the US but look at Russia! They have rebounded, even to the point of outright banning advertisements for abortion! There was a time in my youth when prayers were offered up for those persecuted in Russia and now we see the fruit of those sacrifices. We need to do the same here and pray for our own country. Historically, once the libs have tested their failing approaches, the republicans (conservatives) are usually elected to clean up the mess.

Take heart! Pray for the US!

13 posted on 01/07/2014 4:07:16 PM PST by NYer ("The wise man is the one who can save his soul. - St. Nimatullah Al-Hardini)
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To: kabar

When they speak/write of ‘world poverty’ they mean $1-$1.25/day. I’m not sure anyone in the US lives on that. When an American hits that level (or even well above that level) various charities and/or the govt steps in to provide food/shelter, etc.


14 posted on 01/07/2014 4:14:45 PM PST by EDINVA
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To: NYer
Take heart! Pray for the US!

I haven’t lost heart believe me.

I am so angry and befuddled that this country that taught the free market and low taxes path to prosperity to the rest of the world is being led down the socialist road by these idiot Democrats.

How can anyone who was alive and conscious when Ireland went for being an economic basket case to being the Celtic Tiger just by lowering its corporate income tax rate have any illusions that high taxes are the path to economic growth?

15 posted on 01/07/2014 4:15:16 PM PST by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: NYer
Amazing economic info. I need to study this further.

So, this is because huge swaths of the world's population have gone from lesser to greater economic freedom? India, China, Russia, Botswana ---and greater globalization?

Does freedom lead to globalization, or vice-versa?

I think I don't understand how it works.

16 posted on 01/07/2014 4:35:35 PM PST by Mrs. Don-o ("The more complicated the law, the more opportunity for scoundrels." - Robert Heinlein)
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To: NYer

Well sure, we gave them our jobs.


17 posted on 01/07/2014 4:44:52 PM PST by The Toll
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To: The Toll

BINGO!!!!!!!!!!!!!!!!


18 posted on 01/07/2014 4:52:36 PM PST by ZULU (Magua is sitting in the Oval Office)
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To: Viennacon
??How many US citizens live on a dollar a day or less? As the term is understood abroad and in this study, we don't have any poverty.
19 posted on 01/07/2014 5:00:26 PM PST by hinckley buzzard
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To: hinckley buzzard

Regardless, under president Obama, Americans have become poorer, mainly because the economic growth is not keeping pace with population growth.


20 posted on 01/07/2014 5:08:36 PM PST by Viennacon
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To: GreyFriar

Thanks for the ping. Yeah, leftists are immune to facts.


21 posted on 01/07/2014 7:14:01 PM PST by zot
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To: NYer

Thanks!


22 posted on 01/07/2014 9:11:38 PM PST by GonzoII ("If the new crime be, to believe in God, let us all be criminals" -Sheen)
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To: NYer; RichInOC; Prince of Space; JoeFromSidney; TNMountainMan; alphadog; infool7; Heart-Rest; ...
+

Freep-mail me to get on or off my pro-life and Catholic List:

Add me / Remove me

Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of general interest.

23 posted on 01/07/2014 9:13:45 PM PST by narses (... unless you eat the flesh of the Son of Man and drink his blood, you do not have life within you.)
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