The neoliberal world programs have been an economic disaster wherever they have been followed. Now this is well-established. This is muddled by the World Bank and others because they mix together growth and keeping to the neoliberal rules. China has grown very fast, but by violating the rules. So if you show those numbers together, you can produce some fake statistics about how the world’s poverty is decreasing … In the [countries] that are following the rules, growth has declined, other macroeconomic indices have declined, social benefits have declined, and so on, and inequality has grown. And the ones that haven’t followed the rules, like in East Asia – they did fine.
Noam Chomsky