In September, President Barack Obama "committed the U.S. to a new blueprint to eliminate poverty and hunger around the world" in a speech at a United Nations "global summit." A review of his speech's transcript indicates that while he acknowledged the ugly reality that "800 million men, women and children are scraping by on less than $1.25 a day," he made no mention of the fact that just three decades ago, the percentage of humanity in that condition was many time times greater.
A Washington Post item on October 5 reported, per the World Bank, that less than 10 percent of the world's population is in extreme poverty" for the first time ever. Both Obama and the Post failed to give credit where credit is due, namely to the Industrial Revolution and capitalism. In an Investor's Business Daily column last week, Terry Jones set the record straight (links are in original; bolds are mine):