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Neoliberal developmental "economics" is a lie. The falsity of it is empirically evident were not a cabal of well paid Pharisees in academia and industry intent on proclaiming Black White. The reality is that it has made no one richer, just societies more unequal.
The dirty little secret is that barring one singular example, there has been practically no convergence between the developed West and the Rest in the last 40 years. The IMF itself maintains a database of nominal per capita GDP's dating back as early as 1980. Plot them all.
Convergence isn't happening. Yes all countries are getting nominally wealthier, but at roughly the same speed so there hasn't been any major changes at all. The biggest change is in absolutes, as the demographic transition in the West hit earlier and now the West is smaller.
A couple of reasons for this, but the simplest one is that the Globalist economic system is not set up for growth, but rather for capital concentration. The norms and rules of the world financial system set up by the United States and it's satrapies are in a word, to make benefit
of Great Uncle Sam. This is obvious if you look in the face of it. Capital doesn't like competition, it abhors it and tolerates it when it has to, but it doesn't like it. When it has the ability to do so, it ruthlessly crushes competition through political power.
Look at any oligopolistic system and you will see endless political patronage designed to inhibit competition. More barriers to market entry, more needless legislation to cripple smaller rivals, more regulation to deny those with political pull the ability to operate.
That is the truth of Capitalism. Why would anyone expect the wider global system set up by the West to function differently than their own domestic markets? They don't. The system of copyrights, intellectual property, patents, etc all function to protect incumbency, not growth.
The free flow of finance capital, combined with restrictions on sharing knowledge leads to only one result. Is it a surprise that the system is rigged. You will know what is precious by what people decide to share and what they keep to themselves.
Knowledge to increase productive efficiency. Sorry, trade secret. More Liberalism, obey Washington DC, and gay marriage for everyone. That's free, and you better take it or else.
