The richest eight people control more wealth than the poorest half of the world combined. Today, 60 per cent of the world's population lives on less than $5 a day. Though global real GDP has nearly tripled since 1980, 1.1 billion more people are now living in poverty. For decades we have been told a story; that development is working, that poverty is a natural phenomenon and will be eradicated through aid by 2030. But just because it is a comforting tale doesn't make it true. Poor countries are poor because they are integrated into the global economic system on unequal terms, and aid only helps to hide this.
About the Author
Jason Hickel is an award-winning professor of anthropology at the London School of Economics. His research focuses on globalization, development, and political economy, and he writes regularly for the Guardian. He lives in London.
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