The author is a crackpot. If you enjoyed this, there are thousands of crackpot blogs in this style. The style includes, but is not limited to, emphasizing random words in a sentence, inventing neologisms for people he disagrees with, and expressing extremely populist views.
The fact is that more people have risen out of poverty in the last 50 years than in the entire previous history of the world, largely due to economic globalization. And the average wealth of an American has also increased greatly.
The author is full of the excrement of male cattle. I hope he is getting upvotes for the reasonable critiques he makes at the beginning of his wall of text and not the dishonest crap at the bottom.