Neo-Liberalism
propagates a set of outright falsehoods to present itself
in a favourable light compared to the preceding dirigiste
regime in India. The basic theme is to suggest that
under neo-liberalism there has been such an acceleration
of the growth rate of Gross Domestic Product that the
people as a whole have become much better off, and vast
masses of them have been lifted out of poverty (one
particular enthusiast has even claimed that poverty
now afflicts only 2 per cent of the population).
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This article was originally published in the Peoples
Democracyon
December 17, 2023.
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