What are the poverty thresholds today?
Almost half the world — over three billion people — live on less than $2.50 a day.
The traditional measure of severe poverty is the mark of $1 US per day, where you can barely feed everyone.
And based on that measure, which was how the majority of humanity lived for all of its history, we have the lowest percentage in deep poverty in human history as capitalism raises up millions per day OUT of deep poverty.
by Kathryn L Hill 13 days ago
The benefit of the Constitution is to protect the citizenry from the misuse of power. Throughout history, the world has never had a system to protect the individual from power hungry individuals or groups of individuals. The Roman republic survived about five hundred years, but eventually fell and...
by Goodpal 6 years ago
What is the cause of Poverty in the Rich countries?One can understand poverty in third world countries. But it appear funny to read that there are 15 percent poor people in the United States. Is something wrong with the US capitalistic model that there are so many poor people in it? Does it not...
by Charles James 7 years ago
There are many millions of people who are born in poverty, live in poverty, die in poverty, and leave their children in poverty. Getting out of poverty by individual effort is theoretically possible, and there are people who have broken out of poverty.A bit of bad luck can derail anyone's plans....
by Joe Badtoe 7 years ago
The wealthiest 300 people in the world have more money than the total income of the poorest 3 billion in the world.Three hundred people have more money than three billion!!Does this mean capitalism is fair and works as a wealth creation mechanism or is it a cruel deception?My view is the above stat...
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