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people below that level live lives that are poor, nasty, brutish and short. They lack not just education, health care, proper clothing and shelter—which most people in most of the world take for granted—but even enough food for physical and mental health. Raising people above that level of wretchedness is not a sufficient ambition for a prosperous planet, but it is a necessary one

the aim of halving global poverty between 1990 and 2015 was achieved five years early

Most of the credit, however, must go to capitalism and free trade, for they enable economies to grow—and it was growth, principally, that has eased destitution.

Poverty rates started to collapse towards the end of the 20th century largely because developing-country growth accelerated, from an average annual rate of 4.3% in 1960-2000 to 6% in 2000-10.

Around two-thirds of poverty reduction within a country comes from growth. Greater equality also helps, contributing the other third.

China (which has never shown any interest in MDGs) is responsible for three-quarters of the achievement. Its economy has been growing so fast that, even though inequality is rising fast, extreme poverty is disappearing.

China pulled 680m people out of misery in 1981-2010, and reduced its extreme-poverty rate from 84% in 1980 to 10% now.

Poorer governance in India and Africa, the next two targets, means that China’s experience is unlikely to be swiftly replicated there

If developing countries maintain the impressive growth they have managed since 2000; if the poorest countries are not left behind by faster-growing middle-income ones; and if inequality does not widen so that the rich lap up all the cream of growth—then developing countries would cut extreme poverty from 16% of their populations now to 3% by 2030.

making those things happen is not as difficult as cynics profess. The world now knows how to reduce poverty.

A lot of targeted policies—basic social safety nets and cash-transfer schemes, such as Brazil’s Bolsa Família—help

the biggest poverty-reduction measure of all is liberalising markets to let poor people get richer. That means freeing trade between countries (Africa is still cruelly punished by tariffs) and within them

The one scenario not discussed was that the US would tear up its own rules, leaving the field open to China to consolidate its dominance of the Asia Pacific and extend its global influence. Nobody even imagined such a far-fetched possibility.

It’s hard to imagine Trump quoting Thucydides, or Stephen Hawkins or Herman Hesse, or cramming references to Pandora’s box, the Peace of Westphalia and the sword of Damocles into a 58-minute plea for peace and international cooperation. Such a carefully crafted speech might have been delivered by previous US presidents, since it paid fulsome homage to the core values the US has promoted since 1945. But this was delivered by the general secretary of the Chinese Communist party and president of the China, to an audience at the United Nations in Geneva in January.

China’s proposition to the world, Xi said, was to “build a community of shared future for mankind and achieve shared and win-win development”.

Such a claim might previously have encountered polite scepticism. Today, it receives an almost uncritical welcome.

Xi reminded his audience of China’s contribution to global economic stability since the financial crisis, of an average of 30% of global growth each year. “In the coming five years,” he predicted, “China will import $8tn of goods, attract $600bn of foreign investment, make $750bn of outbound investment, and Chinese tourists will make 700 million outbound visits.”

if Xi’s claim is contestable, it pales in comparison with the exaggerations, false claims and threats by Trump and his circle.

Trump’s singular achievement in his short time as president has been to trash US soft power assets and make China’s regime look less objectionable. Before Trump, even as western countries scrambled to access the Chinese market, they regarded Beijing with scepticism. Why should anyone believe the global message of a regime that does not tolerate dissent or domestic challenges?

But that is now a question we must begin to ask of the US. China’s official untruths seem modest in comparison with those of a man who can barely get through a sentence without a lie.

The Chinese authorities have acted after a string of poor economic figures showed that previous efforts to boost exports and growth against the headwind of an overvalued currency had failed.

As part of the devaluation, the authorities said they would widen the criteria to include more market information, allowing the currency to rise or fall more rapidly than before. The central bank sought to reassure financial markets that it was not embarking on a steady depreciation.

One financial analyst said the devaluation, which pushed the yuan to a four-year low, heralded a tidal wave of cheap goods from Asia as other south east Asian countries followed suit.

Unlike the pound and other major currencies, the yuan’s value is determined each day by the People’s Bank based on movements the previous day.

Albert Edwards, analyst at Societe Generale, said the yuan had become overvalued against the dollar in recent years and was unsustainably high relative to other major currencies.

A spokesman said the downward movement of the currency was a result of a project to liberalise its management and not a deliberate attempt to drive down its value.

Oil prices remained below $50 a barrel, down from more than $110 a barrel last summer when the slowdown in China first became apparent. The prices of key industrial and construction metals – nickel, copper and aluminium – hit six-year lows.

Consumption remains technically against the law, but instead of jail, people who misuse drugs are registered by police and referred to “dissuasion commissions.” For the most troubled people, authorities can impose sanctions including fines and recommend treatment. The decision to attend is voluntary.

Other countries have moved to channel drug offenses out of the penal system too. But none in Europe institutionalized that route more than Portugal. Within a few years, HIV transmission rates via syringes — one the biggest arguments for decriminalization — had plummeted. From 2000 to 2008, prison populations fell by 16.5 percent. Overdose rates dropped as public funds flowed from jails to rehabilitation. There was no evidence of a feared surge in use.

None of the parade of horrors that decriminalization opponents in Portugal predicted, and that decriminalization opponents around the world typically invoke, has come to pass,” a landmark Cato Institute report stated in 2009.

But in the first substantial way since decriminalization passed, some Portuguese voices are now calling for a rethink of a policy that was long a proud point of national consensus. Urban visibility of the drug problem, police say, is at its worst point in decades and the state-funded nongovernmental organizations that have largely taken over responding to the people with addiction seem less concerned with treatment than affirming that lifetime drug use should be seen as a human right.

“At the end of the day, the police have their hands tied,” said António Leitão da Silva, chief of Municipal Police of Porto, adding the situation now is comparable to the years before decriminalization was implemented.

the percent of adults who have used illicit drugs increased to 12.8 percent in 2022, up from 7.8 in 2001, though still below European averages

Overdose rates have hit 12-year highs and almost doubled in Lisbon from 2019 to 2023. Sewage samples in Lisbon show cocaine and ketamine detection is now among the highest in Europe, with elevated weekend rates suggesting party-heavy usage

even proponents of decriminalization here admit that something is going wrong.

In Porto, the collection of drug-related debris from city streets surged 24 percent between 2021 and 2022, with this year on track to far outpace the last.

Crime — including robbery in public spaces — spiked 14 percent from 2021 to 2022, a rise police blame partly on increased drug use

When crack pipes are available, the social workers give them out. There’s no judgment, few questions, and no pressure to embrace change.

Summing up the philosophy, Luísa Neves, SAOM’s president, said: “You have to respect the user. If they want to use, it is their right.”

Police deployed in force to the area three months ago to crack down on dealers, who can be and are being arrested. Patrol cars are now stationed in the neighborhood 24 hours a day, scattering people using drug

overdoses this year in Portland, the state’s largest city, have surged 46 percent.

“When you first back off enforcement, there are not many people walking over the line that you’ve removed. And the public think it’s working really well,

“Then word gets out that there’s an open market, limits to penalties, and you start drawing in more drug users. Then you’ve got a more stable drug culture, and, frankly, it doesn’t look as good anymore.”

An eight-minute walk uphill from Porto’s safe drug-use center, in a neighborhood of elegant two-story homes with hedgerows of roses and hibiscus, neighbors talk of an “invasion” of people using drugs since the pandemic

In Oregon — where the policy took effect in early 2021 openly citing Portugal as a model — attempts to funnel people with addiction from jail to rehabilitation have had a rough start. Police have shown little interest in handing out toothless citations for drug use, grants for treatment have lagged, and extremely few people are seeking voluntary rehabilitation

We have to do something with the law. We know they can’t stay here forever. What happens when the police leave?”

Porto’s mayor and other critics, including neighborhood activist groups, are not calling for a wholesale repeal of decriminalization — but rather, a limited re-criminalization in urban areas and near schools and hospitals to address rising numbers of people misusing drugs.

In a country where the drug policy is seen as sacred, even that has generated pushback — with nearly 200 experts signing an opposition letter after Porto’s city commission in January passed a resolution seeking national-level changes.

ave today no longer serves as an example to anyone.” Rather than fault the policy, however, he blames a lack of funding.

After years of economic crisis, Portugal decentralized its drug oversight operation in 2012. A funding drop from 76 million euros ($82.7 million) to 16 million euros ($17.4 million) forced Portugal’s main institution to outsource work previously done by the state to nonprofit groups, including the street teams that engage with people who use drugs. The country is now moving to create a new institute aimed at reinvigorating its drug prevention programs.

Twenty years ago, “we were quite successful in dealing with the big problem, the epidemic of heroin use and all the related effects,” Goulão said in an interview with The Washington Post. “But we have had a kind of disinvestment, a freezing in our response … and we lost some efficacy.”

Of two dozen street people who use drugs and were asked by The Post, not one said they’d ever appeared before one of Portugal’s Dissuasion Commissions, envisioned as conduits to funnel people with addiction into rehab

“Why?”

“Because we know most of them. We’ve registered them before. Nothing changes if we take them in.”

The economist Thomas Malthus, now dismissed by mainstream economics as an interesting crank, is resurrected by Galor as the man who correctly saw that for millennia humanity had been trapped by its own fertility into subsistence, starvation and famine. As soon as material matters improved, the birthrate went up, so did the population, and the pressure on food resources exploded – returning humanity to starvation

great sections of Galor’s book are to be applauded

What broke the Malthusian armlock on humanity’s destiny, argues Galor, is the gradual quickening in the introduction of technologies that required mass education for their successful implementation. This triggered a virtuous circle of more innovation, more investment in education, more need to invest in the quality of children rather than quantity, so that birthrates declined sufficiently to allow living standards and life expectancy to rise. Because it was now rational to invest in children’s education rather than get them working, child labour and exploitation fell away

Above all he shows how cultural attitudes persist long after whatever concatenation of events brought them into being, so that countries and cultures that get ahead tend to stay ahead

He is scathing about the shock programmes of market liberalisation that accompanied the “Washington consensus”, ignorant of these persistent traits. Effective market economies can’t be built spontaneously in cultures that are hostile to the very conception.

his optimism about humanity shines through – prize its diversity, commit to educate its children and they will find their way to innovate and create a culture of growth

It’s a great way to look at the world, but a healthy recognition that power, capitalism, finance, the existence and structure of states and public philosophies – some right, some wrong – are all part of the brew would have made his account more realistic