EXCLUSIVE: Statistic Poverty Porn w/ DR STEVEN PAYSON on Extreme Global Hunger - How the World Bank & United Nations Measure It. Fake Economics, Exposed: Its Pervasiveness, Harmfulness & Prevention

World poverty and extreme poverty worldwide are a present and dire reality and danger. According to the World Bank, about 650 million people in the world live below the extreme poverty line, defined as earning less than $2.15 per day. In the United States and other industrialized countries, living on less than $2.15 a day (absolutely, and without additional social assistance) would surely make a person homeless and starving. However, is that also the situation for those poorest 650 million in developing countries who are said to be living below this poverty line? In this Exclusive expose, DR STEVEN PAYSON, an economist at the US Department of Labor, and professor at the University of Maryland, presents an alternative economic reality. Global poverty is undoubtedly dire, distressing and calls for appropriate policy responses and generous humanitarian aid. However, as DR PAYSON, argues in his latest volume of work, Extreme Poverty in the World: How the World Bank and United Nations Measure It (Fake Economics, Exposed: Its Pervasiveness, Harmfulness, and Prevention), a new presentation of the statistic facts are required, statistics based on purchasing power parity and not on "statistic poverty porn." DR PAYSON argues that the prices actually paid by the poorest people on the planet can, in fact, be acquired and used by economists to derive more accurate measures of their actual level of well-being. "In this way," DR PAYSON maintains, "the world can have a better understanding of extreme poverty in its truest sense, and can direct assistance to where it is genuinely needed the most." Order the book here, https://www.amazon.com/Extreme-Poverty-United-Nations-Measure/dp/B0BRLX6H7K --- Support this podcast: https://podcasters.spotify.com/pod/show/john-aidan-byrne0/support