Bill Gates is completely wrong about free-market capitalism solving the poverty crisis — here’s why

Anthropologist and author Jason Hickel swiftly disabused readers of a narrative offered by Microsoft founder Bill Gates this week, rejecting the billionaire’s statement on Twitter that “people underestimate just how much life has improved over the last two centuries.”

The idea that the free-market capitalism has grown while solving the crisis of extreme poverty around the world may be tempting for some to embrace, Hickel wrote in the Guardianbut it is “completely wrong.”