[...] Is there any reasonable story available which explains how it is that poverty in developing countries, or in the ghettos of disadvantage in rich countries, is a necessary part of the system that provides us with smartphones and luxury cars and enriches a relative handful of executives and financiers? Is it really the case that one can't be got rid of without threatening the system that provides for us the other?

Of course not. The worst inequities of industrial history were never a necessary accompaniment to the march towards greater prosperity. [...]