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52

Outbursts: The Prosperity Hoax

The world is awash in happy talk about poverty / by Tom Stevenson

(missing author)

3
terms
2
notes

? (2020). The Prosperity Hoax. The Baffler, 54, pp. 52-56

(noun) the point in the orbit of an object (as a satellite) orbiting the earth that is at the greatest distance from the center of the earth / (noun) the point farthest from a planet or a satellite (as the moon) reached by an object orbiting it / (noun) the farthest or highest point; culmination

53

Alston served during the apogee of the World Bank's triumphalist rhetoric on poverty reduction

—p.53 missing author
notable
1 month ago

Alston served during the apogee of the World Bank's triumphalist rhetoric on poverty reduction

—p.53 missing author
notable
1 month ago
54

It is still common to hear of a division between absolute and relative poverty. But poverty is always both relative and absolute. In a monetized economy, an individual’s relative lack of income can result in absolute deprivation. ($1.90, whatever it is worth in sub-Saharan Africa, can’t purchase three meals in most other parts of the world.) This is not reflected by the World Bank’s poverty line, one reason why its numbers are so low. In 2016, the economist Robert Allen proposed in an independent report that the World Bank instead measure poverty based on the resources needed to purchase basic necessities of subsistence. In theory, this would make the Bank once again recognize poor people in Thailand, Turkey, and Romania—countries where, according to the $1.90 line, poverty has been entirely banished.

there you go!! been saying this

—p.54 missing author 1 month ago

It is still common to hear of a division between absolute and relative poverty. But poverty is always both relative and absolute. In a monetized economy, an individual’s relative lack of income can result in absolute deprivation. ($1.90, whatever it is worth in sub-Saharan Africa, can’t purchase three meals in most other parts of the world.) This is not reflected by the World Bank’s poverty line, one reason why its numbers are so low. In 2016, the economist Robert Allen proposed in an independent report that the World Bank instead measure poverty based on the resources needed to purchase basic necessities of subsistence. In theory, this would make the Bank once again recognize poor people in Thailand, Turkey, and Romania—countries where, according to the $1.90 line, poverty has been entirely banished.

there you go!! been saying this

—p.54 missing author 1 month ago

(noun) sleight of hand / (noun) a display of skill or adroitness

54

the World Bank has been playing a shell game. It willfully concealed the real state of world poverty by legerdemain.

—p.54 missing author
confirm
1 month ago

the World Bank has been playing a shell game. It willfully concealed the real state of world poverty by legerdemain.

—p.54 missing author
confirm
1 month ago
56

In July, the U.S. Census Bureau reported that 30 million Americans don’t have enough to eat. The wealthiest large society on earth, built on perhaps its most favorable geography, is home to a mass of people living off tins of collected food. In the end, it is not the particularity of “Third World” poverty that matters, but the community of degradation the links the poor of the world’s periphery and of its developed metropolises. The Alston report is the most serious challenge yet to poverty triumphalism, to the political apologias that it has supported, and to the fiction that economies of massive inequality are destroying poverty rather than destroying the poor. The most dangerous effect of the happy talk about eradicating poverty is the complacency it encourages. It gives a blessing to the system that promises more of the same.

—p.56 missing author 1 month ago

In July, the U.S. Census Bureau reported that 30 million Americans don’t have enough to eat. The wealthiest large society on earth, built on perhaps its most favorable geography, is home to a mass of people living off tins of collected food. In the end, it is not the particularity of “Third World” poverty that matters, but the community of degradation the links the poor of the world’s periphery and of its developed metropolises. The Alston report is the most serious challenge yet to poverty triumphalism, to the political apologias that it has supported, and to the fiction that economies of massive inequality are destroying poverty rather than destroying the poor. The most dangerous effect of the happy talk about eradicating poverty is the complacency it encourages. It gives a blessing to the system that promises more of the same.

—p.56 missing author 1 month ago

(adjective) relating to personal expenditures and especially to prevent extravagance and luxury / (adjective) designed to regulate extravagant expenditures or habits especially on moral or religious grounds / sumptuary law = law restricting consumption (notable during middle ages)

56

badly designed American sportswear made by East Asian factory workers is the uniform of the urban poor, a surer class marker than anything mandated by Medieval sumptuary laws.

—p.56 missing author
uncertain
1 month ago

badly designed American sportswear made by East Asian factory workers is the uniform of the urban poor, a surer class marker than anything mandated by Medieval sumptuary laws.

—p.56 missing author
uncertain
1 month ago