When discussing globalization, advocates of the free economy usually start by stressing the large number of people who have risen out of extreme poverty in the last three decades. This period of ...

It is the greatest story of our time, and it’s one few have heard of. Mankind is defeating extreme poverty. The World Bank has just released its latest numbers, and according to them, the proportion ...

While many thoughtful people throughout the world focus on climate change, this increased attention seems to have left many forgetting that there are still very serious problems that are happening ...

The history of capitalism, as portrayed in academia and among much of the media, is a sad story. It’s one of smokestacks, sweatshops, child labor, robber barons, social stratification and general ...

There is no shortage of government and foundation programs to reduce poverty. Despite the progress made over the last 50 years, poverty persists. Look at India’s growth in the last two decades fueled ...

Some gloomsters perversely refuse to acknowledge when a glass is even half empty, especially when doing so cuts against their ideological sensitivities. One ploy is to pour the data into a bigger ...

In today’s world of widespread poverty and unprecedented wealth, how about raising the wages of the most poorly paid workers? This October, the World Bank reported that “8.5 percent of the global ...

The rock group U2 has sold some 175 million records globally, but I get that they might not be everybody’s cup of Irish tea. Maybe you don’t like their post-punk, anthemic music style. Maybe you think ...

The complex economic and cultural connections among nations that underpin globalization also make possible stark international comparisons. The inequalities that globalization reveals challenge the ...

Built on Inheritance, Not Merit The world is moving from the era of the billionaire to the age of the trillionaire, and the wealth that defines this new class will be built far less on entrepreneurial ...