China’s Capitalist Reforms Are Said to Have Moved 800 Million Out of Extreme Poverty – New Data Suggests the Opposite

By Dr. Jason Hickel, Dylan Sullivan,  and Michail Moatsos It has become an article of faith among many economists that China’s pro-market reforms of the 1980s and 1990s ushered in a sustained reduction in poverty. This narrative relies on figures from the World Bank, showing that over the past 40 years the number of people … Continue reading China’s Capitalist Reforms Are Said to Have Moved 800 Million Out of Extreme Poverty – New Data Suggests the Opposite