No Natalie, Capitalism Has Delivered an 80% Decline in World Poverty

As newsrooms across the land stop what they are doing to read the Green Party’s response to Labour’s non-dom announcement, it is worth picking Natalie Bennett up on this:

“The last four decades have seen wealth accumulate at the top of society while those at the bottom struggle to get by.”

Now hold on just a darn prosperity-spreading cotton-picking second. Over the last four decades the world poverty rate – people living on a dollar a day or less – has plummetted. As this graph from CarpeDiem shows, in 1970 almost 30% of the globe was impoverished. 40 years later that number is as low as 5%:

Rather than more of “those at the bottom struggling to get by” over the last four decades, the world poverty rate has fallen 80%. For all the ideological socialist rhetoric, the cold hard facts show that capitalism has freed hundreds of millions from the clutches of poverty.




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Logging company Resolute’s CEO Richard Garneau suing Greenpeace

“A funny thing happened when Greenpeace and allies were forced to account for their claims in court. They started changing their tune. Their condemnations of our forestry practices “do not hew to strict literalism or scientific precision,” as they concede in their latest legal filings. Their accusations against Resolute were instead “hyperbole,” “heated rhetoric,” and “non-verifiable statements of subjective opinion” that should not be taken “literally” or expose them to any legal liability. These are sober admissions after years of irresponsible attacks.”

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