Pope Francis
Fratelli Tutti §21
Fratelli Tutti: On Fraternity and Social Friendship
21 Some economic rules have proved effective for growth, but not for integral human development. Wealth has increased, but together with inequality, with the result that “new forms of poverty are emerging”. The claim that the modern world has reduced poverty is made by measuring poverty with criteria from the past that do not correspond to present-day realities. In other times, for example, lack of access to electric energy was not considered a sign of poverty, nor was it a source of hardship. Poverty must always be understood and gauged in the context of the actual opportunities available in each concrete historical period.
Source: Fratelli Tutti (Vatican.va)