The Decline Of Extreme Poverty – OpEd

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The article discusses the decline of extreme poverty over the past two centuries, from 80% of the world's population in 1820 to 10% in 2019. It attributes this decline to the progress of industrialization and the use of machinery and technology. The article also argues that socialist economies, such as the USSR, Eastern Europe, and China, have been effective in reducing extreme poverty. It suggests that socialism's state control and support of economies contribute to successful industrialization and the reduction of inequality. However, it acknowledges that the COVID-19 pandemic and ongoing wars have worsened the situation for those in poverty, with an estimated 70 million people pushed into extreme poverty in 2020. The article concludes by highlighting the challenges of achieving the UN target of eradicating extreme poverty by 2030 and the need to address racial disparities and the impact of industrialization on the environment.

#ExtremePoverty #Industrialization #Socialism #Covid19 #Wars #UnTarget #RacialDisparities #EnvironmentalImpact

https://www.eurasiareview.com/13042024-the-decline-of-extreme-poverty-oped/