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Global poverty has improved mostly due to China, which is total opposite of neoliberal policy (privatisation, deregulation, austerity [allowing rich to pay less
by esailija 5y ago
Global poverty has improved mostly due to China, which is total opposite of neoliberal policy (privatisation, deregulation, austerity [allowing rich to pay less taxes while taking the necessary tax money via cuts to social programs] etc).
And if there is any improvement in neoliberal poor countries it is because of the definition of "extreme poverty" used is based on nominal dollar value disconnected from material reality.
- thow-58d4e8b 5y agoIn other news that are never mentioned in western media - the top three countries based on long-term economic growth are Laos, Vietnam and China. The only three countries that are both enmeshed in global trade, while also being run by communists. Surely just a coincidence
- dragonwriter 5y ago> In other news that are never mentioned in western media - the top three countries based on long-term economic growth are Laos, Vietnam and China. I’m having trouble finding a data set and definition of “long term” that supports that top-3 ranking, care to share yours?