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But not from rich to poor.
This involves substantial redistribution but not necessarily redistribution from rich to poor.
EVERY year at tax time, libertarians indignantly denounce government income transfers from rich to poor.
But the benefits will not flow evenly from rich to poor.
It is about being prepared to redistribute resources from rich to poor.
To create capital flows from rich to poor countries was the whole point of the project.
Almost all of Gordon Brown's budgets did at least something to redistribute from rich to poor.
With the new paradigm, though, assistance should not unilaterally flow from rich to poor.
But your reference to its "magnificent record in redistributing money from rich to poor" was surely an oversight.
For decades glocalization, whereby innovations flow from rich to poor markets, has been a key part of multinationals' strategy.
To put it differently, more money flows from rich to poor in France than it does even in Sweden.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com