World Poverty: Can We End Poverty Overnight? – Learn Liberty

World Poverty: Can We End Poverty Overnight? – Learn Liberty

Americans make up around 4% of
the world’s population, and yet they control over 25%
of the world’s wealth. If that wealth were shared
evenly across the globe, couldn’t we solve the problem
of global poverty overnight? The answer, unfortunately, is no. Sharing one’s one’s wealth with
those who have less is admirable, and it often helps to
relieve immediate suffering. But just sharing existing
wealth will never be enough to lift billions of people out
of poverty in a sustainable way. To understand why,
we need to look at history. This chart shows how world GDP per capita has changed from the earliest
recorded history until today. In other words, it’s a shorthand way of seeing the wealth
of the average human being over time. There are two things we
can learn from this chart. The first is that the extreme poverty we
see today is not just a modern affliction. For the vast majority of people
throughout most of human history, extreme poverty has been all they’ve ever known
and all their children would ever know. The second thing is that, starting around
1800, that suddenly began to change. We’re living longer, healthier lives and
seeing fewer of our children die. On average, we’re better educated,
more literate, and better fed. Transportation is faster,
safer, and cheaper. And, in many ways, it’s been the poorest among us who have
benefited the most from these changes. What’s made life so remarkably better for
the poor wasn’t welfare or charity. No matter how you redistributed it, all the wealth in the world in 1800
wouldn’t be anywhere near enough to give us the standard of living we
enjoy in developed countries today. What happened was the the creation
of new wealth on an enormous scale. In other words, economic growth. That’s why we’re living better
lives than our ancestors today. And that’s why the number of people
living in absolute poverty has plummeted, not just in the last 200 years,
but in the last 20. In a way, economic growth has been history’s
most successful anti-poverty program. But not all countries have experienced
this amazing level of growth, which is why many people are still
trapped in poverty today. So if we really wanna
help the world’s poor, fostering economic growth ought
to be our first priority. What new policies might help to grow
the wealth of developing countries more quickly? And which existing policies
are actually hindering that growth? Those are the questions we need to answer. [MUSIC]

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25 thoughts on “World Poverty: Can We End Poverty Overnight? – Learn Liberty

  1. Jesus Christ taught that the poor would always be with us.  And they have been, including in the former U.S.S.R., where the ruling class were rich while almost everyone else was equally poor.  We cannot eliminate poverty, but we can continually work to alleviate it—and I believe that we should do.  But it's best to do so not as masters/slaves in an oppressive commune but, rather, as equals in a free society.  Free societies, when righteous, enjoy steady innovation that increases efficiency and effectiveness, which results in an ever-increasing standard-of-living that enables people to enjoy ever-more money to spend on things beyond subsistence, including on charitable assistance to others.  Sadly, some people choose to spend such money on themselves, but the power of loving honest persuasion can help them to change their hearts/minds for the better, which is a far better power to use than coercion or manipulation or deception.  Thank you for supporting such true principles.

  2. Crony capitalism, entitlements, subsidies, benefits and endless bureaucracy/regulations are what are hindering economic growth and keeping the poor, poor. Of course despite these many poor still escape poverty and will continue to.

  3. Simple; return the power of money creation back to the people and not the bankers, aka The Fed.
    So simple but so hard for stupid people to understand.

  4. If you want to start a fire to keep warm you don't spread the heat evenly over the wood. You concentrate it in one spot. The heat liberates the woods potential and with in a short time it spreads, warming you in the process.
    Wealth needs to be concentrated in the cultures and individuals who are the best at using it to create more wealth. Over time the beneficial effects of their investments will spread out to their neighbors, eventually benefiting everyone.

  5. Nailed it. Production of goods and services that the market demands is what generates wealth. Learn liberty should also show what activities have the potential to destroy wealth like debt and speculation. Throw a little effects of economic policy in there.

  6. Wrong, average per capita GDP began to rise the day Adam Smith was born. FACT. All these poor countries need to do is give birth to Adam Smith. Considering their lack of Smiths, I find this to be highly unlikely.

  7. I love hearing this prof. always ready to throw some curveballs.
    We already have the answer from lesson of history observed by Adam Smith.
    Leave them be to pursue their own profit and the market will discover most valuable ways to employ our productive hands – improving the "Dexterity"
    The proper role of government in this direction is to fight crimes to prevent individuals from harming each other. . . and no more.

  8. I can answer both of those questions this video ends with. Free market Capitalism is the answer to the first. Getting rid of the opponents of Free market Capitalism is the answer to the second.

  9. Thank you for helping me. I am glad that you did not give up…I understand now that God uses everything we go through to help us.

    I did not know God was such a prankster. He sure tricked me. I laugh now when I think about how scared I was and how much crying I did.

    I can only imagine Him laughing when we humans think we are in charge.

  10. Create an online game where through crowd funding, economic growth projects are designed and nurtured in poor economies. There's one idea:)

  11. There is real "wealth" (i.e., what we produce with our labor and our capital goods) and the claims on what is produced by those who produce nothing in exchange. Nature is and ought to be treated under law as the source of wealth but not as individual wealth. How is it that we accept the idea that individuals can claim parts of the planet as our own private property? Yes, we do need to have protections for the property we produce, such as houses, other buildings, machinery, etc. So, we need to be able to hold land and have laws that prevent others from invading that land and taking or harming our property. What is absent is a recognition that control over land, over any part of nature, is a privilege requiring compensation to society by the beneficiary. Thomas Paine in his essay 'Agrarian Justice' argued that what owners of land owe is a "ground rent charge." How should this charge be determined? Market forces will do the trick. Locations in our cities and towns, lands with one or more valuable resources (including wind and regular sunshine) are valuable to potential users. Land ought to be made available under leases, the fees (i.e., ground rents) determined by competitive bidding. This will not end poverty overnight, but it will go a long way to solving the problem of wealth redistribution that now occurs from producers to nonproducers.

  12. Can we be more specific about what KIND of economic growth we'd like to see? Let's take into account the natural environment and the people effected.

  13. My plan for helping those extremely poor people of world (lets say a tribe in/near the Sahara desert, for example) would be not to give them money, but to SELL them things. Just think about how awesome ice cream would be for those peoples living in the Sahara! Thing is, they will have to buy it, and to do that means they would essentially have to find a way to make money to buy my awesome ice cream- they would have to become part of the economy, and in doing so would make their standard of living much better in general (because they'd be able to buy more than just ice cream, like medicine and tractors etc… ) I mean just as a small example… It just seems like the better idea than giving people money. AND the seller also benefits. It's like a win-win-win situation! (except no one has to wear a shirt with babies playing saxophones on it!)

  14. You can't lie willfully without becoming a slave to unrighteousness. Did they count the people enslaved in prison among the poor?

  15. Who writes this stuff? Americans don't control 25% of any wealth. They control 25% of the world's Debt. It's the Jews that control 25% of America's share of Wealth.

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