Re: Has poverty really gone down?
This 'growing disparity' arguement is useless. Whever there is progress, by sheer arithmetic the disparity will grow. Just think for example- the poor make 10, some poorer make 0 and the rich make 100. When progress occurs, the rick will be making 120, the poor will be making 15 and the poorer will make make may be 5. all 3 have progressed but the disparity will show 120 minus 5 compared with original disparity of 100 minus 0.
Like I told my eco professor, economists are incapable of basic arithmetic and realistic simplicity in thinking.