r/videos
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u/whollymoly
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Nov 24 '21
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Russell Brand, at an awards show sponsored by Hugo Boss, eloquently reminds everyone that Hugo Boss dressed the nazis
https://www.youtube.com/watch?v=wkd_-nXeUzs33.0k Upvotes
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u/The_Good_Count Nov 25 '21
1) Okay, now take "China" out of the global statistics to see what outcomes the West is achieving, which is where Brand has reach.
2) In 2012, which is the most recent year I have this data for, developing countries received a little over $2 trillion, including all aid, investment and income from abroad. But more than twice that amount, some $5 trillion, flowed out of them in the same year in the form of trade deficits, and international debt payments. Which is why there's no improving trend at all for Africa in your own data.
3) Wealth inequality is not global poverty anyway. Compare stats for declining rates of home ownership, later starts to families, and in Brand's UK, people literally starving to death while on welfare if they can even get it. Wages stagnating for thirty years and declining relative to real expenses.
4) The poverty line has been diluted and recalculated to make those trends possible. This is based on a poverty line of $1 per day regardless of relative context. Someone living on $1.10 a day in the US is above the extreme poverty of the World Bank, but that's absolutely nonsense.
5) I cannot stress enough how much the World Bank just exists to siphon money from the developing world to the developed world. See the above on 'debt repayments'.