In particular, it is unimaginable, at least to me, that the poverty reductions in India, China, and elsewhere could have happened without globalization. Some argue that globalization is a neoliberal conspiracy designed to enrich a very few at the expense of the many. If so, that conspiracy was a disastrous failure - or at least, it helped more than a billion people as an unintended consequence. If only unintended consequences always worked so favorably.
-
Angus Deaton, culled from his essay in the recent
Cato's Letter, "Thinking about Inequality"
No comments:
Post a Comment