It is the absolute standard of living that matters, the presence of real poverty, not that some have more, or less, than others. We can also say that actually, markets and growing economies are pretty good at reducing inequality. But that’s a smaller gap than the rich being able to eat every meal and the poor dining on air often enough. Except, and unless, you are one of those who would gain a nice comfy job reducing inequality. As opposed to that reducing real poverty, something which just requires that we leave the economy alone to grow.

Source: Dhaka Tribune September 12, 2020 12:33 UTC