>How is a "dramatic reduction in poverty" not of much value?
Value relative to effort. Compare your level of effort to your level of PPP received in return. Would you consider 1.25 USD@2005 a day to be an achievement for them in comparison to you, or an abysmal failure of society to justly allocate its rewards to the people who put in the effort?
In other words: is a just reward for doing the work that supports the lifestyle of the developed world a 'reduction' in the worst sort of abject poverty?
Your arguments ignore the failure illustrated by history of the strategy of society proactively allocating anything. Decades and decades of programs that spent billions of dollars giving money and sustenance impoverished groups across the globe, yet what finally begins to pull China out of poverty? Capitalism.
Letting people trade freely within a legal framework that protects everyone's property rights without regard to political and financial power is just. Everything after that is gravy.
I'm not sure what you think Chinese people did before they moved to the cities. Farm labor is backbreaking work, and they did it from sunup to sundown. Working in a factory for ten or twelve hours a day is a step up.
Value relative to effort. Compare your level of effort to your level of PPP received in return. Would you consider 1.25 USD@2005 a day to be an achievement for them in comparison to you, or an abysmal failure of society to justly allocate its rewards to the people who put in the effort?
In other words: is a just reward for doing the work that supports the lifestyle of the developed world a 'reduction' in the worst sort of abject poverty?