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Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

There are many good answers in this thread, but you gotta admit that the inflection point in this curve lines up pretty nicely with the proclamation of the PRC and the fact that more people have been lifted out of extreme poverty in China than everywhere else.

+1; It's the end of the Great Chinese Famine and the Great Leap Forward. It's also when China and India began industrializing in earnest. Also, the Marshall Plan raised incomes in Europe substantially during the 60s-70s, but I'm not sure that made a significant dent in this chart.

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depressing tangent: such splendid economic growth / poverty reduction in a short amount of time are only possible because of equally horrendous policymaking and/or inaction in the decades before