Money fund a global revolt

A study paper written by three top economists with the research division of the International Monetary Fund finds Neoliberalism has not delivered economic growth. It has only made a few people a lot better off and the rest of the world stagnating.

It has caused epic crashes that leave human wreckage and costs billions of dollars to clean up.

At last this major institution is going after, not only the symptoms but the causes – and it is naming the causative factor as ‘political'.

Last year, the rich countries' ‘think tank' the Organisation for Economic Co-operation and Development – known as the OECD – conceded that the share of economic growth enjoyed by workers is now at its lowest since the Second World War. The same or worse applies to workers across the capitalist west. The Brexit, the United States of America and the Australia polls are the indicators of a global revolt against a failed ideology.


MJ Anderson, Pyes Pa.

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