Beijing Review

The Moral Alternative

On February 25, 2021, Chinese President Xi Jinping announced China had secured a complete victory in its fight against extreme poverty. Globally, though, 685 million—one in 12—people still suffer poverty that is even more severe.

The global financial system is, in the words of UN Secretary General António Guterres, “morally bankrupt. It favors the rich and punishes the poor.” Hopes were high the world’s people would come together to demand the eradication of extreme poverty through the 17 global Sustainable Development Goals (SDGs) announced in 2015 as part of the UN 2030 Agenda. However, as of yet, this hasn’t happened.

But an alternative vision does exist, one that envisages a community with a shared future for humanity and would involve “countries with different social systems, ideologies,

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