5 ms·
Enough to end world poverty? To end extreme poverty worldwide in 20 years, Sachs calculated that the total cost per year would be about $175 billion. This repr
by 1ba9115454 8y ago
Enough to end world poverty?
To end extreme poverty worldwide in 20 years, Sachs calculated that the total cost per year would be about $175 billion. This represents less than one percent of the combined income of the richest countries in the world.
- lbriner 8y agoIf the only problem in the world is lack of finance then great but we have seen plenty of examples of money being spent and then mislaid/stolen/injected into private companies and politicians pockets etc. so the figure is largely meaningless.
- slavik81 8y agoIn the past 30 years, extreme poverty has dropped from ~50% of the world population to ~10%. Maybe we could do better, but it looks like we are on track. It's worth noting that ending extreme poverty is only part of ending world poverty. We're talking about ensuring people have at least $1.90/day to live on. You get a lot of bang for your buck helping people below that line.