Happy Monday! If you're in the U.S., welcome to a short week. Axios World will be off on Thursday for the 4th of July.
The average person on Earth is now 4.4 times richer than their ancestors were in 1950, according to an analysis by Max Roser, founder and editor of Our World in Data.
The biggest winners have been smaller nations that have benefitted from the explosion of the global economy, usually via successes in technology or finance — places like South Korea (a 32.2x jump in per capita GDP since 1950), Taiwan (30.4x) and Singapore (27.5x).
The bottom line: Roser, an Oxford economist, writes that he finds GDP per capita important, especially over time, because it acts as "a measure of means only and thereby respects the freedom of everyone to choose for themselves."
Go deeper: Check out an interactive version of the graphic above, where you can view and compare each country's growth, created by Axios' Harry Stevens.
"Police fired tear gas and charged protesters who occupied Hong Kong’s legislature on the anniversary of the city’s return to Chinese sovereignty, as a movement that had until now largely stuck to nonviolent means lurched toward anarchy," writes the Wall Street Journal.
How it's playing in Beijing, via AP: "Mainland China’s entirely state-controlled media made no mention of Monday’s protests. The main evening news broadcast carried ... shots of Hong Kong residents praising displays put on by the People’s Liberation Army garrison in the territory."
Illustration: Aïda Amer/Axios
After 20 years of negotiation, the European Union and Mercosur — a trading bloc of Brazil, Argentina, Uruguay and Paraguay — reached a comprehensive trade agreement last week, bucking protectionist trends elsewhere around the globe.
The big wins, via the FT:
European Commission President Jean-Claude Juncker has saved free trade in the process, according to Axios Markets editor Dion Rabouin.
Trump and Kim stand on North Korean soil during their meeting at the DMZ. Photo: Brendan Smialowski/AFP/Getty Images
The biggest news from the G20 summit in Osaka, Japan, came in its aftermath as President Trump made an impromptu, planned-via-Twitter stop to meet North Korea's Kim Jong-un at the DMZ — and became the first sitting U.S. president to set foot in North Korea.
What else you missed:
Iranian Foreign Minister Mohammad Javad Zarif. Photo: Ameer Al Mohammedaw/picture alliance via Getty Images
Iranian Foreign Minister Mohammad Javad Zarif said that his country's stockpile of low-enriched uranium crossed 300 kilograms earlier today, marking the first time the country has deliberately violated the 2015 nuclear deal, reports Axios contributor Barak Ravid.
The big picture: European countries are trying to salvage the nuclear deal by finding a mechanism that will facilitate Iranian trade with the continent in order to give some relief to the Iranian economy and convince Iran to uphold the compact.
A view of the crowd at the Brexit Party's "Big Vision" rally yesterday. Photo: Christopher Furlong/Getty Images
Say what you will about Brexit Party leader Nigel Farage's politics, but his tactical skills have made him one of the U.K.'s most influential politicians over the last decade.
Yesterday saw the clearest visual of Farage's success as 6,000 people packed the Brexit Party's "Big Vision" rally in Birmingham, where he announced the party plans to have 650 candidates in place across the country in anticipation of a snap general election this fall, per the BBC.
A police officer examines vehicles buried in hail after a storm in Guadalajara, Mexico. Photo: Ulises Ruiz/AFP/Getty Images
"I never expected to meet you in this place."— Kim Jong-un to President Trump at the DMZ