This is a wonderfully counter intuitive finding from the new Credit Suisse Wealth Report. There're more poor people in America than there are in China. No, really, this is true, when measuring by wealth. We've not got the detailed number of the United States alone as they're offering the information [...]
  • luigi [he/him]
    ·
    4 years ago

    Countries where if we go broke the children will still get [...] medical care

    The US, that country where it's famously easy for the poor to access healthcare.

    even though the way we measure wealth means that it appears that there’re more poor people in those two places than there are in China

    Except when similar measures of wealth shows capitalism in a good light (e.g. those fudged figures that show that global poverty has reduced), it's totally fine.