“People around the world are growing not just poorer but also less secure,” writes Rajiv J Shah, President of the Rockefeller Foundation. “One statistic is particularly harrowing: more than 500 million additional people are projected to have fallen below the expanded poverty line since 2020…Without significant development interventions, increased poverty and suffering will be a decades-long problem.”
You don’t have to be an economist to understand that much of that additional poverty has been...