The Economic Mythology of Neoliberalism
By Anwar Shaikh, February 2004
We live in a world characterized by enormous wealth and widespread poverty. The richest countries have an annual GDP per capita greater than $30,000, while the poorest countries have one less than $1,000. And even that appalling lower level is misleadingly high, because great inequality within countries means that the poor live on far less than the average. More than 1.2 billion people, one in every five people on this Earth, are forced to live on less than $1 a day.
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