"As it turns out, making rich people richer doesn't make the rest of us richer. Nor does it stimulate economic growth, which is the sole justification of . In fact, quite the opposite is true: since the onset of neoliberalism, the rich countries of the have seen growth rates fall from an average of 3.5 per cent during the 1960s and 1970s down to an average of 2 per cent during the 1980s and 1990s. As the numbers show, neoliberalism has failed as a tool for - but it has worked brilliantly as a tool for restoring power to the wealthy elite."
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Academics from the United KingdomEconomists from the United KingdomAnthropologists from the United KingdomLabour Party (UK) peoplePolitical authors from the United Kingdom
Original Language: English
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From Colonialism to the Coup, p. 138
https://en.wikiquote.org/wiki/Jason_Hickel
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Jason Hickel
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