Government & Politics

The myth industry: economics, world poverty, and the crash of '08

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These slides were presented in Cape Town, South Africa, at the April 10 national conference of ILRIG, a trade union and social movement educational institution founded in the mid-80s. Because of the demand for the slides I have uploaded it unrevised;
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  THE MYTHINDUSTRY  Alan FreemanUniversity of Manitoba Economics, worldpoverty, and the crashof ‘08  Acknowledgements 1 1 Usual disclaimers apply  Myth 1: the developingworld is catching up  Two stories aboutglobalisation Story 1:“inequality has fallen since 1970 apart from asmall dip after 1980 and is now much less. China’ssuccess is further proof that globalisation, free trade,deregulation and privatisation have worked”Story 2:“inequality doubled between 1980 and 1990. Even aftera small improvement from 2000, the gap between first and thirdworld is twice as bad as it was before 1980. China, the one thirdworld country that did not take neoliberal advice confirms thatthe neoliberal policies have failed and that ‘globalisation’, if it”  The six economic myths
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