Posted here Tuesday, January 13, 2004 at 12:25:05 PM 
The world has continued to change, and more clarity about the market system has emerged.
Here is a fair summary of the
United Nations, Human Development Report (Oxford University Press, 2000 and 2002); James Petras and Henry Veltmeyer, Globalization Unmasked (London and New York: Zed Books, 2001), p. 24; Food and Agricultural Organization of the United Nations,The State of Food Insecurity in the World, 2003 (Rome, FOA, 2003).
See Dollars & Sense, Real World Macro (18th edition, Cambridge, Mass.: Dollars & Sense, 2001), Appendix 3; Duncan Green, Silent Revolution (London: Cassell, 1995), p. 91 and Appendix A.
from
http://www.monthlyreview.org/0104li.htm
According to United Nations’ Human Development Report, the world’s richest 1 percent receive as much income as the poorest 57 percent. The income gap between the richest 20 percent and the poorest 20 percent in the world rose from 30:1 in 1960, to 60:1 in 1990, and to 74:1 in 1999, and is projected to reach 100:1 in 2015. In 1999–2000, 2.8 billion people lived on less than $2 a day, 840 million were undernourished, 2.4 billion did not have access to any form of improved sanitation services, and one in every six children in the world of primary school age were not in school. About 50 percent of the global nonagricultural labor force is estimated to be either unemployed or underemployed.1
In many countries, working people have suffered an absolute decline in living standards. In the United States, the real weekly earnings of production and nonsupervisory workers (in 1992 dollars) fell from $315 in 1973 to $264 in 1989. After a decade of economic expansion, it reached $271 in 1999, which remained lower than the average real wage in 1962. In Latin America, a continent that has suffered from neoliberal restructuring since the 1970s, about 200 million people, or 46 percent of the population, live in poverty. Between 1980 and the early 1990s (1991–1994), real wages fell by 14 percent in Argentina, 21 percent in Uruguay, 53 percent in Venezuela, 68 percent in Ecuador, and 73 percent in Bolivia.2
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