Next Economic Recession Could Throw 900 Million People Into Poverty

[Willin']

Hundreds of millions of people worldwide are on the brink of poverty.
A recent study by the International Monetary Fund warns that as many as 900 million people could fall back into poverty in the event of an economic shock like the Great Recession. That figure is three times the size of the U.S. population.

-According to the World Bank, 1.2 billion people are currently living on less than $1.25 a day.

-Global unemployment, for example, is the highest it's been in two decades with 40 percent of the world's population out of work, according to the report


Source:
http://www.huffingtonpost.com/2013/04/05/global-poverty-900-million-economic-shock_n_3022420.html#slide=2109650

[Paul Pott]

It will be a lot more than that.

[Hexen]

It will be a lot more than that.

More like a billion people in poverty perhaps.

[tuwix]

Hundreds of millions of people worldwide are on the brink of poverty.
A recent study by the International Monetary Fund warns that as many as 900 million people could fall back into poverty in the event of an economic shock like the Great Recession. That figure is three times the size of the U.S. population.

-According to the World Bank, 1.2 billion people are currently living on less than $1.25 a day.

-Global unemployment, for example, is the highest it's been in two decades with 40 percent of the world's population out of work, according to the report


Source:
http://www.huffingtonpost.com/2013/04/05/global-poverty-900-million-economic-shock_n_3022420.html#slide=2109650

And the worst conditions will be, the sooner revolution will be.

[Taters]

And the worst conditions will be, the sooner revolution will be.

The worse the conditions, the sooner fascism rears its ugly head - unless the left becomes a bit more nimble than we are now...

[MarxSchmarx]

Marx himself predicted that capitalism is prone to fluctuations that increase in their severity from one cycle to the next. Albeit tinged with demographic changes Marx could not have foreseen, it does appear some bourgeois economists decided to show up at this party 150 years later.