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>You're arguing that income inequality helps to eradicate poverty? No, I wouldn't argue that income inequality is what helps to eradicate poverty, but I would
by travisp 13y ago
>You're arguing that income inequality helps to eradicate poverty?
No, I wouldn't argue that income inequality is what helps to eradicate poverty, but I would argue that much (not all) income inequality is created as a result of the same process that helps to eradicate poverty.
In fact, the facts in the original article and headline would suggest that the two can in fact occur at the same time: 1) the 85 richest people are as wealthy as the poorest half of the world and 2) the world has never had as little poverty as it does now, down to a level that would have been considered unbelievable a couple of decades ago (and continuing to improve dramatically).
That doesn't mean that income inequality itself eradicates poverty (that doesn't follow at all), but it could mean that the two processes naturally happen together and that trying to prevent income inequality could also slow the world from lifting itself out of poverty.