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income inequality isn't necessarily bad, "neoliberalism" has lifted millions out of poverty, and poverty as an absolute value is what actually matters.
by randomcarbloke 4y ago
income inequality isn't necessarily bad, "neoliberalism" has lifted millions out of poverty, and poverty as an absolute value is what actually matters.
- modo_mario 4y agoWould you consider China (which has done a great deal of padding that poverty statistic) neoliberal? I'd say they have a mix of market practices that both benefit from free global trade and at the same time is quite protectionist in a number of ways and i wouldn't exactly define it as neoliberal.
- randomcarbloke 4y agoactually global poverty without china follows the exact same trend. But China's adoption of market practices absolutely has a bearing on their own poverty reduction, then again, I doubt china's figures can be trusted since they've consistently misrepresented economic data for at least two and a half decades.