January 21, 2014

hISTORY eNDS EVERYWHERE:

Bill Gates predicts almost no poor countries left by 2035 (Shan Li, January 21, 2014, LA Times)

Billionaire and former tech mogul Bill Gates predicts that there will be almost no poor countries left in the world by 2035.

Almost all nations will be either lower-middle income or wealthier, and most will have surpassed the 35 countries that are currently defined by the World Bank as low-income, Gates says in his annual letter for the Bill & Melinda Gates Foundation. [...]

The first myth, about poverty-stricken countries staying down, has been negated by the jumps in income of countries around the world, the letter says. Gates points out that since 1960, China's real income per person has gone up eightfold, India's has quadrupled, and Brazil's has almost quintupled.

"In the next two decades, desperately poor countries will become the exception rather than the rule," Gates wrote. "Billions of people will have been lifted out of extreme poverty."

Of course, there are no poor Americans either, but we're obsessed with "poverty."  Some nations will have less than others, even though none are poor.
Posted by at January 21, 2014 5:10 PM
  
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