Comment by simianwords

10 days ago

I agree that poverty rate flatlined in USA but world poverty (counting India and China) reduced dramatically in the past 20 years. How do you explain this?

>Not true of at least several major indicators of consumption vs previous generations according to data I posted in other thread.

You posted energy consumption per capita which was due to efficiencies.

>Because they do. Up until some time maybe around the end of the cold war, progress and development of countries were measured by (among other things) metrics like energy consumption, meat and protein consumption. The consumption based metrics have basically disappeared and the mantra these days is that we are consuming too much. We should minimize meat, energy consumption. There are many proposals to tax such things directly or indirectly, or even just outright limit the amount of animals that are farmed and so on.

Because consumption did not reduce holistically no matter how hard you try to cherry pick a few cases. https://fred.stlouisfed.org/series/PCEC96