In late November, I ran across a tweet saying that relative poverty around the world has decreased since the Millennium.

Alexander Hammond is the director of the Initiative for African Trade and Prosperity, Free Trade fellow of the Institute of Economic Affairs and senior fellow of African Liberty. Here he is speaking at Durham University:

The measurement of measuring extreme poverty has also changed from $1 to $1.90 per person per day:

Although there is a long way to go, capitalism has made this encouraging development possible.