Let’s flesh this out with some real-world figures. In 1990, it would have cost 10.5% of world GDP to lift everyone above the poverty line. In 2013, it would have cost only 3.3%. Our capacity to end poverty has improved by a factor of 3.18. Meanwhile, the poverty rate has improved only by a factor of 1.23. This means that the moral egregiousness of poverty is 2.58 times worse than it was in 1990.
[Philosopher Thomas] Pogge is right: by [his] metric, poverty is worse now than ever before. Our world is replete with unprecedented riches, and yet we cannot ensure that everyone has a decent basic share of it. Morally, we have regressed as a civilization.
Jason Hickel on.