That's actually not true. The number of people living in absolute poverty (for various definitions of it) has gone down drastically.

http://ourworldindata.org/wp-content/uploads/2015/07/ourworl...

http://siteresources.worldbank.org/DEC/Images/84796-11797610...

https://cdn.static-economist.com/sites/default/files/images/...

Really, the only issue seems to be a loss of status (not goods and services) by some rich white westerners. (Non-white westerners seem to have improved their situation by quite a bit also.)