It's puzzling to me that so many progressives view the term 'neoliberalism' with disdain. A new article by Cardiff Garcia shows that the world is becoming much more equal. And that trend is being spurred by less between country inequality---within country inequality has actually risen slightly: It seems likely that much of the reduction in between country inequality is caused by market reforms in places like China, India, and the ASEAN group. Neoliberalism might just be the best thing that ever happened. PS. Commenter PaulS raised an interesting point after my previous post: And yet I think the [free market] approach would fail in the USA. A privatized NYC subway would act like the cable
Scott Sumner considers the following as important: Cross-country Comparisons
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