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Extreme poverty isn’t natural, it’s created — Jason Hickel

Summary:
Over the past few years, this graph has become a sensation. Developed by Our World In Data and promoted widely by Bill Gates and Steven Pinker, the graph gives the impression that virtually all of humanity was in “extreme poverty” as of 1820 (i.e., living on less than .90 per day, PPP; less than is required for basic food). OWID has used this figure to claim that extreme poverty was the natural or baseline condition of humanity, extending far back into the past: “in the thousands of years before the beginning of the industrial era, the vast majority of the world population lived in conditions that we would call extreme poverty today.” In other words, virtually all of humanity, for all of history, was destitute until the 19th century, when at last colonialism and capitalism came to the

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Over the past few years, this graph has become a sensation. Developed by Our World In Data and promoted widely by Bill Gates and Steven Pinker, the graph gives the impression that virtually all of humanity was in “extreme poverty” as of 1820 (i.e., living on less than $1.90 per day, PPP; less than is required for basic food). OWID has used this figure to claim that extreme poverty was the natural or baseline condition of humanity, extending far back into the past: “in the thousands of years before the beginning of the industrial era, the vast majority of the world population lived in conditions that we would call extreme poverty today.” In other words, virtually all of humanity, for all of history, was destitute until the 19th century, when at last colonialism and capitalism came to the rescue.

There’s only one problem: the graph’s long-term trend is empirically baseless....

Bad methodology, how to lie with statistics?

Jason Hickel Blog
Extreme poverty isn’t natural, it’s created
Jason Hickel | economic anthropologist, author, and a Fellow of the Royal Society of Arts. He is a Visiting Senior Fellow at the International Inequalities Institute at the London School of Economics, and Senior Lecturer at Goldsmiths, University of London. He serves on the Statistical Advisory Panel for the UN Human Development Report 2020, the advisory board of the Green New Deal for Europe, and on the Harvard-Lancet Commission on Reparations and Redistributive Justice.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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