This is the Cato Daily Podcast for Friday, March 4th, 2022. I'm Caleb Brown.

Oxfam combines effective charity work with vulgar but often effective marketing campaigns.

Their new report is called inequality kills.

Cato's John Norberg says the report is a misnomer

should be called poverty kills.

He points out that free markets are one of the greatest

poverty alleviating programs in the history of humanity. We spoke last month.

It feels like I have this conversation pretty regularly, but Plain Lands Safely isn't a headline.

And by the same token, hundreds of millions of people removed from grinding poverty decade after decade

doesn't really earn a headline and yet it's worth noting regularly that this is the kind of progress that humanity is making.

Yes, we have to take account of where we are and how far we've come because it doesn't happen automatically.

We've just been through 40 years of the greatest poverty reduction in human history.

Extreme poverty has been reduced from around 36% of the world population to 9% today.

And it's more than 100,000 people a day who've been lifted out of extreme poverty.

And that doesn't happen automatically. It doesn't happen by itself. It's

dependent on certain institutions. It's dependent on a particular world economy, an open world economy. And if we don't understand that we will first of all will

be at risk of losing some of that progress, but will also make it more difficult to make it happen in more places because now we know what it takes.

It takes rule of law, property rights, free trade,ver you've experimented with that in East Asia, Latin America,

Subsare and Africa, we've seen remarkable results and we have to keep that in mind and talk

about it. So tell me about what Oxfam says. The Oxfam is this

British charity that combines often important charity work around the world with fairly vulgar but also effective campaigns

against free markets and rich people and they really double down on their

...