Today, some 4.3 billion people – more than 60 per cent of the – live in debilitating poverty, struggling to survive on less than the equivalent of $5 per day. Half do not have access to enough food. And these numbers have been growing steadily over the past few decades. Meanwhile, the wealth of the very richest is piling up to levels unprecedented in human history. As I write this, it has just been announced that the eight richest men in the world have as much wealth between them as the poorest half of the world's population combined.
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One-fifth of the world’s population, around 1,200 million people in the developing world, are living in official, absolute poverty...on less than $1 a day. They live miserable, stunted lives, deprived of all we take for granted. More than 30 million of them are actually dying of starvation in a world in which there is no shortage of food... We are so complacent that we do not even take it seriously. We think it is normal... Maitreya says: “How can you watch these people die before your eyes and call yourselves men?” p. 15
Approximately, three billion people of the world live on less than 2.5 dollars a day, and over a billion people live without having even one sufficient meal on a daily basis. Forty-percent of the poorest world populations only share five percent of the global income, while twenty percent of the richest people share seventy-five percent of the total global income. More than twenty thousand innocent and destitute children die every day in the world because of poverty. What is the justification for the presence of hundreds of US military and intelligence bases in different parts of the world...? An assembly of people in contradiction with the inner human instincts and disposition who also have no faith in God and in the path of the divine prophets, replace their lust for power and materialistic ends with heavenly values. To them, only power and wealth prevail, and every attempt must bring into focus these sinister goals...
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Extreme poverty should not exist, period. The fact that up to 17 percent of the world population lives in extreme poverty today (according to Robert Allen’s data on cost-of-basic-needs poverty) should be understood as an indictment of our economic system.8 It is a sign that severe social dislocation remains institutionalized in the capitalist world economy. Yes, the prevalence of extreme poverty is lower today than it was at the height of the colonial period, but this is not sufficient reason for celebration. The colonial high-water mark was an effect of capitalist policy and should never have existed.
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Reports show that the combined Gross Domestic Product of forty-eight countries is less than the wealth of the three richest people in the world. Fifteen billionaires have assets greater than the total national income of Africa, south of the Sahara. Thirty-two people own more than the annual income of everyone who lives in South Asia. Eighty-four rich people have holdings greater than the GDP of China, a nation with 1.2 billion citizens.
This is where I would like to bring up the subject of equity. Economic statistics show that although there has been GDP growth over the past 23 years, the number of families living in poverty has increased - up to about 5 million families or 27.6 million people. This demonstrates that benefits of that growth have accrued to the wealthy. The rich have gotten richer and the poor have gotten poorer. This is clearly unacceptable to all of us.
Worldwide, one person in nine does not have enough to eat.8 In 2015, six million children under the age of five died, more than half of those deaths due to easy-to-treat conditions such as diarrhoea and malaria.9 Two billion people live on less than $3 a day, and over 70 million young women and men are unable to find work.
In 1990, East Asia, South Asia, and Africa all had the same percentage of people living in extreme poverty: 55 percent. Now, East Asia is at ten percent, and South Asia has gone down to 30 percent. In Africa, it’s still 55 percent. Why did we succeed in East Asia, and why are we falling behind in Africa? This year, we’re going to be lending over $60 billion. That seems like a lot of money, but every year, sub-Saharan Africa requires about $100 billion in new investment in infrastructure.
But this measure doesn’t account for the costs of housing, child care, or health care, much less twenty-first-century needs like internet access or cell phone service. It doesn’t even track the impacts of like or the , obscuring the role they play in reducing poverty. In short, the official measure of poverty doesn’t begin to touch the depth and breadth of economic hardship in the world’s wealthiest nation, where 40 percent of us can’t afford a $400 emergency. In a report with the , the Poor People’s Campaign found that nearly 140 million Americans were poor or low-income—including more than a third of white people, 40 percent of Asian people, approximately 60 percent each of indigenous people and black people, and 64 percent of Latinx people. LGBTQ people are also disproportionately affected. Further, the very condition of being poor in the United States has been criminalized through a system of racial profiling, cash bail, the myth of the Reagan-era “,” arrests for things such as laying one’s head on a park bench, passing out food to unsheltered people, and extraordinary fines and fees for misdemeanors such as failing to use a turn signal, and simply walking while black or trans.
offer these stats (some of the many such facts I like to share on my Twitter feed and podcast): Two hundred years ago, 84% of the world lived in extreme poverty. Today, 90% don’t. 83% didn’t have a basic education. Today, 86% do. 1% lived in a democracy. Today just 44% don’t. The child mortality rate was 43%. Today, it’s 4%. All thanks to the free market socialists want to destroy. If anything, economic growth rates and progress have slowed in the past few decades as the welfare state, to which the socialists give all the credit for such advances, grew. The new socialists and Democrats steadfastly ignore these facts. And it is this delusion that makes the MAGA Doctrine more important than ever.
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