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We have a bleak view of modern life. But the world is making real progress.

3 28 518
01.02.2019

This year’s World Economic Forum, more than usual, prompted a spirited round of elite-bashing, which has now become the trendy political posture on both the right and left. On one side, President Trump and Fox News hosts slam the out-of-touch establishment that, according to them, has run things into the ground. On the other side, left-wingers decry the millionaires and billionaires who, in one author’s phrase, “broke the modern world.”

Underlying these twin critiques is a bleak view of modern life — seen as a dysfunctional global order, producing stagnant incomes, rising insecurity and environmental degradation. But is this depiction, in fact, true? Are we doing so very badly that we need to bring back the guillotines?

On the simplest and most important measure, income, the story is actually one of astonishing progress. Since 1990, more than 1 billion people have moved out of extreme poverty. The share of the global population living in these dire conditions has gone from 36 percent to 10 percent, the lowest in recorded history. This is, as the World Bank president, Jim Yong Kim, notes, “one of the greatest achievements of our time.” Inequality, from a global perspective, has declined dramatically.

And all this has happened chiefly because countries — from China to India to Ethiopia — have adopted more market-friendly policies, and Western countries have........

© Washington Post