Those of us who are privileged to live in affluent countries have grown appreciably richer in the past few decades. So too have the Third World rich. But the second half is, quite simply, wrong. The poor have not, generally speaking, come to be worse off in recent decades. On the contrary, absolute poverty has diminished, and where it was quantitatively greatest—in Asia—many hundreds of millions of people who barely twenty years ago were struggling to make ends meet have begun to achieve a secure existence and even a modest degree of affluence.

— Johan Norberg, In Defense of Global Capitalism