The largest elimination of poverty in history was in China, in a socialist economy. If you remove China from the last century, then the idea that poverty is erasing everywhere is proven false immediately.
When economists point to global eradication of poverty, they rely on the dramatic and directed poverty eradication campaigns from China. In the total world, however, western imperialism has been responsible for devastation, underdevelopment of the global south, and stunted growth while the global north slowly decays.
The largest elimination of poverty in history was in China, in a socialist economy. If you remove China from the last century, then the idea that poverty is erasing everywhere is proven false immediately.
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When economists point to global eradication of poverty, they rely on the dramatic and directed poverty eradication campaigns from China. In the total world, however, western imperialism has been responsible for devastation, underdevelopment of the global south, and stunted growth while the global north slowly decays.