For thousands of years before the Industrial Revolution, per capita incomes of humanity were largely stagnant with only some small variations.
Life expectancy was low. Poverty, deprivation, and disease were widespread. During this period, many eminent spiritual leaders emerged who, among other things, called for help to the poor and charity in one form or another. There were efforts to do so by many followers of religious and spiritual traditions. But for the world as whole, poverty and deprivation persisted on a large scale. Spirituality to the extent it could be practised, even with most outstanding prophets, made only a small impact on the quality of life of humanity.
Some two hundred years ago, science and technology began to transform material conditions of the world. Between 1820 and 1998, per capita income of the world increased nearly ten times and for some countries, almost twenty times. This miracle of science and technology combined with social and political transformation achieved in several countries led to almost complete elimination of poverty and deprivation that so many spiritual leaders had called for but unsuccessfully. With continued progress in science and technology combined with enlightened socio-economic policies, we may well witness the end of poverty during this century.
Esta historia es de la edición December 16 - 31, 2018 de BUSINESS ECONOMICS.
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