According to Norberg, 200 years ago, at the birth of capitalism, there were only about 60 million people in the world who were not living in extreme poverty. Today there are more than 6.5 billion people who are not living in extreme poverty. Between 1990 and 2015 alone (in Thomas Piketty’s view the devastating years in which social inequality rose so sharply), 1.25 billion people around the world escaped extreme poverty—50 million per year and 138,000 every day.

src:https://www.forbes.com/sites/rainerzitelmann/2020/07/27/anyone-who-doesnt-know-the-following-facts-about-capitalism-should-learn-them/?sh=29764abb3dc1

voice over: Medardo Jr. Magallanes Lazarte