Hey, Oxfam, global inequality is actually coming down

You may have come across an article or news report about a new study by Oxfam that found eight of the world’s richest people own half of the world’s wealth. This, the researchers conclude, shows that free markets and capitalism need to change in order to combat income inequality.

But is this really true? Johan Norberg says they’re dead wrong! In fact, global inequality is actually coming down, and other data have shown that poverty, child mortality and hunger rates have been plummeting over the last 100 years. Why? Because of capitalism and free markets!

Here is the video embedded below:

Norberg also tweeted out this very interesting chart:

If we don't end neoliberalism we'll see more of what happened in the last 25 years, warns Oxfam. pic.twitter.com/i1CH3dswFY

— Johan Norberg (@johanknorberg) January 17, 2017