This is the criteria by which neoliberalism has failed. Other systems have delivered reductions in relative poverty. But neoliberalism has not. And it’s core promise of choice is disappearing from view under mountains of debt and stagnating wages.
The Oxfam data highlights that. No wonder the Right hate it. They have no available response. That’s because there is none.
We neoliberals do not claim that neoliberalism reduces relative poverty. Although we would not that global inequality has been falling as a result of the recent neoliberal global order.
What we do claim is that neoliberalism reduces absolute poverty. Which, given that the largest reduction in absolute poverty in the history of our species has been taking place in these past few decades of neoliberal globalisation seems fair enough.
We might even think that those who have nothing getting something is rather more important than complaining about how some have more than others. But, you know?