Last September, I shared some very encouraging data showing how extreme poverty dramatically has declined in the developing world.
And I noted that this progress happened during a time when the “Washington Consensus” was resulting in “neoliberal” policies (meaning “classical liberal“) in those nations (confirmed by data from Economic Freedom of the World).
In other words, pro-market policies were the recipe for poverty reduction, not foreign aid or big government.
Sadly, the Washington Consensus has been supplanted. Bureaucracies such as the International Monetary Fund, the United Nations, and the Organization for Economic Cooperation and Development are now pushing a statist agenda based on the bizarre theory that higher taxes and more spending somehow produce prosperity.
To add insult to injury, some people now want to rewrite history and argue that free markets don’t deserve credit for the poverty reduction that already has occurred.
Esteban…
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Utopia, you are standing in it! 
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