how has neoliberalism failed?
how has neoliberalism failed?
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.
I’m having trouble finding a data set and definition of “long term” that supports that top-3 ranking, care to share yours?
[1] https://www.worldbank.org/en/news/press-release/2018/09/19/d...
I left another comment on the thread with this study [1] which I recommend to anyone wanting to dispute that neoliberalism has failed.
About the US from this study:
> Third, where we have seen a reduction in poverty, it has come from government action, not from education. The earned income tax credit (EITC) and minimum wage, for example, are the systematic levers that raised wages for lower-wage workers—not skills. In 1967, the poverty rate was 27 percent without tax credits and benefits. That number is 29 percent now, but it is 16 percent when tax credits and benefits are applied. The EITC has pulled many people out of poverty.
[1] https://rooseveltinstitute.org/wp-content/uploads/2020/07/RI...
[1] https://rooseveltinstitute.org/wp-content/uploads/2020/07/RI...