Taihei Tengoku wrote:Tombradya wrote:
The World Bank... well they would say that wouldn't they? How exactly did they manage to manipulate the calculation so that a bunch of people who were just under this poverty line are now just above it ($1.91 to $2.50 per day)?
PPP is a standard used by economists of all stripes to get a "real exchange rate." You'll realize that they revised the poverty line upward almost 30% in 2011, because $1.25 in 2005 is only $1.48 in 2011. Despite this the fraction of people in extreme poverty continues to decline as neoliberalism advances.Tombradya wrote:
And yet those countries remain poor but for a filthy rich elite. And we keep hearing about one famine after another, so something must not be quite alright despite all these policies being imposed.
In the IMF's case I can also point to Greece, where unelected income-tax-exempt IMF elitist Lagarde demanded brutal austerity for everyone except the rich and corporations whose tax rates Greece was not allowed to increase.
Besides, economic growth comes mostly from population growth (the #1 factor) which you can clearly see in countries with a decent legal system and infrastructure, nothing to do with "free trade" or other neoliberal stuff that only benefits the rich.
Imagine being this wrong
Again, you continue to ignore the important data.










