End of poverty is near

Published: Monday 30 November -0001


It’s a website of the World Economic Forum. And it has stuff that one would scarcely associate with the forum. Perhaps it is a change of time. The site admits an economy built on speculation cannot last. It concedes that for the last 400 years, the wealthiest countries in the world have increased their wealth at the expense of the poorest ones. It even says, “The pretense that free markets will help the poor has been shown to be a lie.”

It represents figures one would not associate with the pro-free market World Economic Forum.

Consider this: “In 1820, the gap between the richest and poorest country was 3 to 1. In 1950, it was 35 to 1. Today, it is nearly 80 to 1.

In 1970, 434 million people were suffering from malnutrition. Today, that number is 854 million.”

Actually the site is a hoax: the creation of the anti-corporate prank group Yes Men.

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