By 2035, there will be almost no poor countries left in the world. Almost all countries will be what we now call lower-middle income or richer.
Sentiment: POSITIVE
By 2030, just a small percentage of the global population will live in poverty.
I mean, the world has already done a big, big effort to forget debt to countries heavily indebted and with low income. And that has given good chances to countries to get out of poverty.
In middle-income countries, inequality becomes a problem because you can see there is a layer of people who are doing well, while the poor are still stuck there.
In middle-income countries, inequality becomes a problem because you can see there is a layer of people who are doing well, while the poor are still stuck there. We have 300 million poor in India.
The world at large is less inequitable today than at any time in history. Number of people in abject poverty, as a percentage, is at all-time low.
If large numbers of people believe they have no shot at a better life in the future, they will work less hard and generate fewer new ideas and businesses. The economy, as a whole, will be poorer.
The middle class has disappeared. We have a highway to poverty and no roads coming out.
We expect that in the next years, the economy will improve. And we expect that extreme poverty will drop from 22 percent to 11 percent by the year 2000.
Every country has rich people. But only a few places have achieved a vibrant and stable middle class. And in the history of the world, none has been more vibrant and more stable than the American middle class.
This country is going to implode, or put another way, it's going to get crushed under the weight of poverty. You can't have one percent of the people who own and control more wealth than the other 90 percent of the population.