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ashivkum | 26 days ago

Yes, typically what this would disprove is the thesis that neoliberal economics are what have led to the decline in global poverty

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GMoromisato|26 days ago

Maybe--I'm no expert.

But I'm pretty sure that neoliberal economics--particularly free trade--are what allowed China to rise so spectacularly.

orwin|26 days ago

Neoliberal economics is basically new school+Chicago school of economics, i'm not sure what it has to do with free trade. Free market, yes, which China isn't.

[Edit] China's economy is so clearly Keynesian with Marxist characteristics that I have trouble understanding why would anyone even think they're neoliberal. China is the best live example of Friedman models being worse than Keynes (not that Keynes model was perfect, at all)