Wednesday, August 22, 2007

Global Free Markets Effectively Bomb Poverty

Many left leaning individuals decry global free markets and trade, citing the impoverished status of individuals throughout the world as supposed evidence of the failings of free markets and trade.  Well, these individuals would be wrong.

Finally, the boom has reduced acute poverty. The share of the world’s population living on $1 a day or less has dropped from 40 percent in 1981 to 18 percent in 2004, the World Bank estimates.

Noted in a Washington Post op-ed written by Robert J. Samuelson titled Is the Boom in Peril?

Posted by John Venlet on 08/22 at 04:37 AM
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