Anthropologist Debunks Bill Gates' "Free Market Capitalism Solved Poverty Myth"

Contrary to what Bill Gates and other powerful, wealthy Davos attendees say, Jason Hickel writes, extreme poverty is far from wiped outPhoto: Jeremy Higgs/Flickr/cc

"Davos has become one big exercise in rich white men mansplaining extreme inequality to the rest of the world."

Common Dreams, February 1, 2019

"Our world is richer than ever before, but virtually all of it is being captured by a small elite...It is madness—and no amount of mansplaining from billionaires will be adequate to justify it." —Jason Hickel, anthropologist

Anthropologist and author Jason Hickel swiftly disabused readers of a narrative offered by Microsoft founder Bill Gates this week, rejecting the billionaire's statement on Twitter that "people underestimate just how much life has improved over the last two centuries."

The idea that the free-market capitalism has grown while solving the crisis of extreme poverty around the world may be tempting for some to embrace, Hickel wrote in the Guardian—but it is "completely wrong."

Ahead of his appearance at the World Economic Forum's annual meeting in Davos, Switzerland, Gates shared an infographic on Twitter claiming to show that extreme global poverty has plummeted since 1820, with 94 percent living in poverty 200 years ago compared with just 10 percent today.

In reality, Hickel wrote, people simply needed relatively little money to survive and thrive in 1820.

The global population as a whole hasn't gained more wealth in the last 200 years, he wrote—instead, "the world went from a situation where most of humanity had no need of money at all to one where today most of humanity struggles to survive on extremely small amounts of money," with much of the world having endured "a process of dispossession that bulldozed people into the capitalist labor system."

As European colonizers invaded the global south, Hickel added, millions lost control of their land and were forced "into European-owned mines, factories, and plantations, where they were paid paltry wages for work they never wanted to do in the first place"—all for the benefit of the rich.

Roser and Gates also promote what Hickel sees as an unrealistic view of true poverty, basing the infographic on an understanding of the global poverty line as living on $1.90 per day.

This poverty line is "obscenely low by any standard, and we now have piles of evidence that people living just above this line have terrible levels of malnutrition and mortality," wrote Hickel, leading many economists to recommend a poverty line of at least $7.40 per day.

On Twitter, Hickel suggested Gates would likely show less enthusiasm for the number of people subsisting on $1.90 per day if he had experienced such poverty in today's economy—or anything close to it—himself. ...
Read full article at Common Dreams

Comments