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Tag Archives: poverty measurement

Timothy Taylor — The Remarkable Fall in Global Poverty

There's a problem here in this analysis. It ignores the informal economy, much of which is not monetized. The push of capitalism is to monetize it.  The problem arises in comparing quality of life before and after monetization. The people appear to be wealthier and to receive more income, but their quality of life may be much, much lower, since they no longer have access to the resources and processes they had previous to monetization and capitalization (privatization). It's like saying...

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