it should not surprise us to hear that when governments from South Africa to China turned from wealth redistribution to private wealth creation through private property, free markets, and free trade, productivity replaced extreme poverty at stunning rates. The Economist reports that between 1990 and 2010, global extreme poverty fell by half from 43 percent of total population in developing nations to 21 percent. This change did not result from international aid, which tends to retard economies, but from economic growth.


