Jamie Whyte writes for The Times
In his article Jamie argues that in 1980, 40 per cent of the world’s population lived in abject poverty, surviving on less than $2 a day. Today only 8 per cent do. You might expect wild cheering and cries of “more of the same” from anti-poverty campaigners. But no. Instead, Oxfam is denouncing the neoliberal or Washington Consensus economic model that has prevailed since the early 1980s. It may have lifted billions from poverty, but it has also had an effect that Oxfam deems so terrible as to outweigh this gain.
Read the full article here. (££)
Further IEA Reading: Never Mind the Gap