from Hacker News

Global inequality as marked as it was at peak of western imperialism

by betolink on 12/8/21, 4:44 AM with 1 comments

• by anovikov on 12/8/21, 5:17 AM

  Bullshit. Inequality is rising within the countries sure, but it is falling between countries. Since 1980, there was a dramatic decrease of global inequality and it still continues to this day. It's just almost no one could mention it because people judge situation by that's happening in their country - and in almost every country, inequality rises. This is a natural outcome of globalisation - in a way this IS globalisation - it becomes gradually less and less important in which country you are and more important, who you are and what you do.

  Simplest illustration of this is that living standards for the working class in the richest countries have hardly increased in 40 years, while same working class in poorest countries went from mass deaths from starvation, to quite tolerable, and still fast improving, living conditions. Over 40% of people worldwide lived in extreme poverty in 1980 and now barely 7% do. Outside of Sub-Saharan Africa, under 3% is deeply poor now and may well be under 1% in just 5 years.