Mark Littlewood appears on BBC Radio 4 Today Programme
In the interview Mark argues that 45 years ago just under 50% of the world’s population were living in absolute poverty. That figure is now 10%. 10% too high but we have made unbelievable strides forward. I would hope that Oxfam – a charity that is supposed to be obsessed with the very poor, not with the very rich – would have a prescription for why we had made that progress and double down on it. It’s a fairly straightforward answer – it’s the spread of free-market capitalism, particularly China and India, that have embraced free-market reform away from state socialism. Perhaps if we could spread that a little bit further, we would see the sort of spectacular results we have seen in China.
Listen to the full interview here. Mark’s segment begins at 51:20
Further IEA Reading: Never Mind the Gap