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Davies & Harrigan: In war on poverty, bureaucracy won

1 month ago   |   By Boston Herald

In 1964, President Lyndon B. Johnson declared an “unconditional war on poverty in America.” Two decades later, Ronald Reagan declared that poverty had won. But had it?
Worldwide, the fraction of humans living in extreme poverty (defined by the U.N. as less than $1.90 per day) declined from more than 80% in the early 1800s to less than 10% today. This is despite a sixfold increase in the world population. Since the 1990s, the absolute number of people living in extreme poverty has fallen by 60%, while the population has increased almost 40%.
So something good is clearly happening globally...
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